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dc.contributor.authorRickels, Wilfrieden_US
dc.contributor.authorLontzek, Thomas S.en_US
dc.date.accessioned2009-01-28T14:27:02Z-
dc.date.available2009-01-28T14:27:02Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/4316-
dc.description.abstractWe investigate the socially optimal anthropogenic intervention into the global carbon cycle. The limiting factor for this intervention is the accumulation of carbon in the atmosphere, which causes global warming. We apply a simplified two-box model to incorporate aspects of the global carbon cycle in a more appropriate way than a simple proportional decay assumption does. Anthropogenic intervention into the global carbon cycle enters the model as the amount of CO2 emitted into the atmosphere and the amount of CO2 injected into the deep ocean for purposes of sequestration. We derive a critical cost level for sequestration above which sequestration is just a temporary option or below which it is the long-run option allowing extended use of fossil fuels. The second option involves higher atmospheric stabilization levels, whereby the efficiency of sequestration depends on the time preference and the inertia of the carbon cycle.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1432en_US
dc.subject.jelQ30en_US
dc.subject.jelQ54en_US
dc.subject.jelQ30en_US
dc.subject.ddc330-
dc.subject.keywordClimate Changeen_US
dc.subject.keywordGlobal Carbon Cycle-
dc.subject.keywordSequestration-
dc.subject.keywordCO2 Emissions-
dc.subject.stwKlimaschutzen_US
dc.subject.stwKohlenstoffsenkeen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwMeeren_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwTheorieen_US
dc.titleOptimal global carbon management with ocean sequestrationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn571524966en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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