The Carbon Conundrum
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Is the Earth's climate headed into uncharted waters in terms of temperature and atmospheric carbon dioxide concentrations? Is the cost of the Kyoto Protocol exorbitant? What is an optimal trajectory for the Earth's carbon dioxide emissions over the Third Millennium? How should carbon dioxide emissions be priced? What would be the best way to implement such a program.
In The Carbon Conundrum: Global Warming and Energy Policy in the Third Millennium, Robert C. Kelly presents a comprehensive review of these issues including:
An introduction to the greenhouse gas contraversy with a brief exposition of the physics of the greenhouse effect and a history of the scientific debate;
A review of the earliest theoretical and empirical evidence on changes in the Earth's climate including the Pre-Cambrian era, the Mid-Phanerozoic era, the Vostok ice core records and recent climate history;
An integrated assessment analysis of the global climate and economic system over the Third Millennium based upon an expanded version of the DICE model (Dynamic Integrated model of Climate and the Economy) first developed by William D. Nordhaus of Yale;
An examination of three alternative scenarios using the integrated assessment model: the Business As Usual Scenario (BAU), the Kyoto Protocol Scenario (KPS), and an optimal carbon path...the Optimum Carbon Path Scenario (OPT);
A review of energy supply options in the Third Millennium including fossil fuels, renewable energy, and nuclear power;
A mechanism to implement the optimal emissions path ... the International Carbon Fund.