Delivering on US Climate Finance Commitments

At the United Nations climate change conference in Copenhagen in 2009 and Cancun in 2010, the United States joined other developed countries in pledging to mobilize $100 billion in public and private sector funding to help developing countries reduce greenhouse gas emissions and adapt to a warmer world. With a challenging US fiscal outlook and the failure of cap-and-trade legislation in the US Congress, America's ability to meet this pledge is increasingly in doubt. This paper identifies, quantifies, and assesses the politics of a range of potential US sources of climate finance. It finds that raising new public funds for climate finance will be extremely challenging in the current fiscal environment and that many of the politically attractive alternatives are not realistically available absent a domestic cap-and-trade program or other regime for pricing carbon. Washington's best hope is to use limited public funds to leverage private sector investment through bilateral credit agencies and multilateral development banks.climate change, carbon, climate finance, UNFCCC, Copenhagen Accord, Cancun Agreements, development assistance, adaptation, green fund, multilateral development banks, fossil fuel subsidies, emission offsets, bilateral credit agencies

Accounting Standards, Information Flow, and Firm Investment Behavior

We present a description of two different accounting regimes that govern reporting practice in most developed countries. 'One-book' countries, e.g. Germany, use their tax books as the basis for financial reporting and 'two-book' countries, e.g. the United States, keep the books largely separate. We derive a structural model and formalize a testable implication of our discussion: firms in one-book countries may be reluctant to claim some tax benefits if reductions in taxable income may be misinterpreted by financial market participants as signals of lower profitability. Econometric estimates suggest that accounting regime differences play an important role in describing domestic investment patterns both within and across countries.

Hydraulics are a first order control on CO2 efflux from fluvial systems

Evasion of carbon dioxide (CO2) from fluvial systems is now recognized as a significant component of the global carbon cycle. However the magnitude of, and controls on, this flux remain uncertain and improved understanding of both are required to refine global estimates of fluvial CO2 efflux. CO2 efflux data show no pattern with latitude suggesting that catchment biological productivity is not a primary control and that an alternative explanation for inter-site variability is required. It has been suggested that increased flow velocity and turbulence enhance CO2 efflux, but this is not confirmed. Here, using contemporaneous measurements of efflux (range: 0.07 – 107 µmol CO2 m-2 s-1), flow hydraulics (mean velocity range: 0.03 – 1.39 m s-1) and pCO2 (range: 174 – 10712 µatm) at six sites, we find that flow intensity is a primary control on efflux across two climatically different locations (where pH is not a limiting factor) and that the relationship is refined by incorporating the partial pressure of CO2 (pCO2) of the water. A remaining challenge is how to upscale from point to reach or river basin level. Remote imaging or river surface may be worth exploring if subjectivity in interpreting surface state can be overcome

Design of Natural Rubber Extraction from TKS Dandelion

A design was developed for a controlled environment agriculture 3D greenhouse to grow and harvest TKS dandelions, as well as a processing plant to extract natural rubber and inulin from the roots. The design capacity was scaled for both pilot- and full-scale production: 100 and 100,000 tonnes of natural rubber per year, respectively. The byproducts of the process were dandelion greens, inulin, cellulose, and glucose; all of these except for cellulose were able to be valorized. The greenhouse was designed based on existing 3D hydroponic growing environments, and the extraction process was designed based on the original TKS dandelion extraction process. Equipment sizes and costs were determined using correlations from literature as well as data from existing processes. For the pilot-scale case, the capital and annual operating costs were $118M and$19.4M, respectively, and the annual product value was $5.8M. For the full-scale case, the capital and annual operating costs were$118B and $15B, respectively, and the annual product value was$5.8B. In order to be profitable, is recommended to evaluate ways to increase the natural rubber yield from the dandelion roots and to utilize more conventional farming methods in the greenhouse

Agricultural Labour Market Flexibility in the EU and Candidate Countries. Factor Markets Working Document No. 49, June 2013

Factor markets that function well are a crucial condition for the competitiveness and growth of agriculture. Institutions and regulation may give rise to agricultural labour market heterogeneity, which could have important effects on the functioning of the labour market and other agricultural factor markets in EU member states. This paper first defines the institutional framework for the labour market, and then presents a brief literature review of previous studies of labour market institutional frameworks. Based on the literature, a survey to characterise agricultural labour markets was undertaken, which was implemented for a selection of EU27 and EU candidate countries, with responses based on expert opinion. The survey data were then used to construct indices of labour market flexibility/rigidity for the countries examined. These indices were used to make inter-country labour market comparisons and to draw inferences about the institutions and functioning of the agricultural labour market