Oxygen and hydrogen isotopic compositions of meteoric water are known to correlate with surface air temperature, except in tropical areas. This relationship has been described using a number of terms corresponding to specific observations, such as latitude, altitude and seasonal effects. However, these temperature effects do not seem to apply to precipitation in monsoonal areas of Asia. Questions have been raised as to whether the isotopic composition of meteoric water can be used to reconstruct paleomonsoon intensity. Tree rings of two modern spruce trees (Picea meyeri) and a 10,000-yr-old timber (Picea jezoensis) were analyzed for hydrogen isotopic composition. On average, the older tree is depleted in deuterium by 45‰ compared to the modern trees. We attribute this isotopic depletion to the strength of summer monsoons, which were more intense in the early Holocene than at present. Although this study is not definitive, it suggests that paleomonsoon intensity can be reconstructed by direct or proxy methods that yield the oxygen or hydrogen isotopic composition of meteoric water. 相似文献
Emission reductions improve the chances that dangerous anthropogenic climate change will be averted, but could also cause some firms financial distress. Corporate failures, especially if they are unnecessary, add to the social cost of abatement. Social value can be permanently destroyed by the dissolution of organizational capital, deadweight losses paid to liquidators, and unemployment. This article proposes using measures of corporate solvency as an objective tool for policy makers to calibrate the optimal stringency of climate change policies, so that they can deliver the least loss of corporate solvency for a given level of emission reductions. They could also be used to determine the generosity of any compensation to address losses to corporate solvency. We demonstrate this approach using a case study of the UK’s Carbon Price Support (a carbon tax).
Key policy insights
Solvency metrics could be used to empirically calibrate the optimal stringency of climate policies.
An idealized solvency trajectory for firms affected by climate change policy would cause corporate solvency to initially decline – approaching but not exceeding ‘distressed’ levels – and then gradually improve to a new ‘steady state’ once the low-carbon transition had been achieved.
In terms of the UK’s Carbon Price Support, corporate solvency of energy-intensive industries was found to be stable subsequent to its introduction. Therefore, the available evidence does not support its later weakening.
The variability in global oceanic evaporation data sets was examined for the period 1988-2000. These data sets are satellite estimates based on bulk aerodynamic formulations and include the NASA/Goddard Space Flight Center Satellite-based Surface Turbulent Flux version 2 ( GSSTF2), the Japanese-ocean flux using remote sensing observations (J-OFURO), and the Hamburg Ocean-Atmosphere Parameters and Fluxes from Satellite version 2 (HOAPS2). The National Center for Environmental Prediction (NCEP) reanalysis is also included for comparison. An increase in global average surface latent heat flux (SLHF) can be observed in all the data sets. Empirical mode decomposition (EMD) shows long-term increases that started around 1990 for all remote sensing data sets. The effect of Mt. Pinatubo eruption in 1991 is clearly evident in HOAPS2 but is independent of the longterm increase. Linear regression analyses show increases of 9.4%, 13.0%, 7. 3%, and 3.9% for GSSTF2, J-OFURO, HOAPS2 and NCEP, for the periods of the data sets. Empirical orthogonal function (EOF) analyses show that the pattern of the first EOF of all data sets is consistent with a decadal variation associated with the enhancement of the tropical Hadley circulation, which is supported by other satellite observations. The second EOF of all four data sets is an ENSO mode, and the correlations between their time series and an SO1 are 0.74, 0.71,0.59, and 0.61 for GSSTF2, J-OFURO, HOAPS2, and NCEP in that order. When the Hadley modes are removed from the remote sensing data, the residue global increases are reduced to 2.2% , 7. 3%, and 〈 1% for GSSTF2, J-OFURO and HOAPS, respectively. If the ENSO mode is used as a calibration standard for the data sets, the Hadley mode is at least comparable to, if not larger than, the ENSO mode during our study period. 相似文献