Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30055 
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dc.contributor.authorRickels, Wilfrieden
dc.contributor.authorRehdanz, Katrinen
dc.contributor.authorOschlies, Andreasen
dc.date.accessioned2010-02-10-
dc.date.accessioned2010-02-26T13:28:21Z-
dc.date.available2010-02-26T13:28:21Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/30055-
dc.description.abstractTo stay within the 2êC temperature increase target for climate change calls for ambitious emission reduction targets already for the 2012-2020 compliance period. Cost-efficiency is a crucial criterion for the enforcement of such ambitious targets, requiring analyses of all possible abatement options. Among others, enhancing the oceanic carbon sink by ocean iron fertilization (OIF) could be such an option. In our analysis we consider short-term large-scale OIF modeling experiments for a Post-Kyoto compliance problem to assess the economic prospects of OIF. Our analysis reveals that the critical unit costs per net ton of CO2 sequestered by OIF are in a range of 22 to 28 USD (price level 2000) assuming that the current limitations regarding the use of carbon credits generated in low cost countries and from forestation is completely relaxed. The critical unit costs are determined as those that would make an emitter indifferent between various abatement options. We are also able to show that already seven years of OIF in the area of 30ê south provide the same amount of credits equivalent to a global forestation project for the duration of 20 years. Over all and from economic perspective, our results indicate that OIF can be considered as an additional abatement option, but, further research, especially on adverse side effects, is needed.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1573en
dc.subject.jelQ52en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordClimate changeen
dc.subject.keywordsink enhancementen
dc.subject.keywordocean iron fertilizationen
dc.subject.keywordCO2 marketen
dc.subject.keywordemission tradingen
dc.subject.stwKlimaschutzen
dc.subject.stwMeeren
dc.subject.stwDüngemittelen
dc.subject.stwStahlen
dc.subject.stwKosten-Nutzen-Analyseen
dc.subject.stwEmissionsrechteen
dc.subject.stwEmissionshandelen
dc.subject.stwWelten
dc.titleEconomic prospects of ocean iron fertilization in an international carbon market-
dc.typeWorking Paperen
dc.identifier.ppn618323171en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1573en

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