High Temperature Components of Magma-Related Geothermal Systems: An Experimental and Theoretical Approach

This summarizes select components of a multi-faceted study of high temperature magmatic fluid behavior in shallow, silicic, volcano-plutonic geothermal systems. This work built on a foundation provided by DOE-supported advances made in our lab in understanding the physics and chemistry of the addition of HCI and other chlorides into the high temperature regions of geothermal systems. The emphasis of this project was to produce a model of the bolatile contributions from felsic magmatic systems to geothermal system

Magnetite solubility and iron transport in magmatic-hydrothermal environments

Abstract-We have examined the effect of pressure on the apparent equilibrium constant, K=, for magnetite solubility (Fe 3 O 4 mt ϩ 6HCl fluid ϩ H 2 fluid ϭ 3FeCl 2 fluid ϩ 4H 2 O fluid ) and the relative iron-carrying capacities of magmatic vapor and brine by conducting experiments in a rhyolite melt-vapor-brine-magnetite system at 800°C, f O 2 ϭ NNO and pressures ranging from 100 to 145 MPa. Iron concentrations in synthetic vapor and brine fluid inclusions were quantified by using laser-ablation inductively-coupled-plasma-mass-spectrometry (LA-ICPMS). Hydrogen chloride (HCl) concentrations in magmatic vapor were inferred by potentiometric measurements of H ϩ in quenched run product fluids. These data yield calculated values for log K=, assuming a H 2 O ϭ X H 2 O , of 1.7, 4.9, 6.2, 6.8 and 9.1 at 100, 110, 130, 140 and 145 MPa, respectively. The concentration of iron in magmatic vapor increases by an order of magnitude, whereas the concentration of iron in magmatic brine remains constant (within 1) with increasing pressure as the 800°C critical pressure is approached along the vapor-brine solvus. The concentrations of iron in vapor and brine fluid inclusions yield calculated partition coefficients (D Fe v/b ) of 0.05, 0.14, 0.27 and 0.56 at 110, 130, 140 and 145 MPa, respectively. Our data reveal that pressure fluctuations may significantly affect the value of log K=. More importantly, the data demonstrate conclusively that a significant amount of iron can be transported by a low-density aqueous vapor in the magmatic-hydrothermal environment

Precautionary Effect and Variations of the Value of Information

For a sequential, two-period decision problem with uncertainty and under broad conditions (non-finite sample set, endogenous risk, active learning and stochastic dynamics), a general sufficient condition is provided to compare the optimal initial decisions with or without information arrival in the second period. More generally the condition enables the comparison of optimal decisions related to different information structures. It also ties together and clarifies many conditions for the so-called irreversibility effect that are scattered in the environmental economics literature. A numerical illustration with an integrated assessment model of climate-change economics is provided

Accounting for Extreme Events in the Economic Assessment of Climate Change

Extreme events are one of the main channels through which climate and socio- economic systems interact. It is likely that climate change will modify their probability distributions and their consequences. The long-term growth models used in climate change assessments, however, cannot capture the effects of short-term shocks; they thus model extreme events in a very crude manner. To assess the importance of this limitation, a non-equilibrium dynamic model (NEDyM) is used to model the macroeconomic consequences of extreme events. Its conclusions are the following: (i) Dynamic processes multiply the extreme event direct costs by a factor 20; half of this increase comes from short-term processes; (ii) A possible modication of the extreme event distribution due to climate change can be responsible for significant GDP losses; (iii) The production losses caused by extreme events depend, with strong non-linearity, both on the changes in the extreme distribution and on the ability to fund the rehabilitation after each disaster. These conclusions illustrate that the economic assessment of climate change does not only depend on beliefs on climate change but also on beliefs on the economy. Moreover, they suggest that averaging short-term processes like extreme events over the five- or ten-year time step of a classical long-term growth model can lead to inaccurately low assessments of the climate change damages

Asymmetric Labor Markets, Southern Wages, and the Location of Firms

This paper studies the behavior of firms towards weak labor rights in developing countries (South). A less than perfectly elastic labor supply in the South gives firms oligopsonistic power tempting them to strategically reduce output to cut wages. In an open economy, competitors operating in perfectly competitive labor markets meanwhile enjoy less aggressive competitors and raise output. Finally, competition effect reduces the ex-post output of a relocating firm. These effects reduce relative profitability of the South casting doubts on traditional beliefs that multinationals are attracted to regions with lower wages. Adopting a minimum wage unambiguously enhances Southern competitiveness and welfare

Bargaining with Non-Monolithic Players

This paper analyses strategic bargaining in negotiations between non-monolithic players, i.e. agents starting negotiations can split up in smaller entities during the bargaining process. We show that the possibility of scission in the informed coalition implies that it loses its information advantages. We also show that when the possibility of a scission exists the uninformed player does not focus on his or her beliefs about the strength of the informed coalition but on the proportion of weak/strong players within this coalition. Finally, our results show that the possibility of a scission reduces the incentives for the leader to propose a high offer to ensure a global agreement. We apply this framework to international negotiations on global public goods and to wage negotiations

Emissions Trading, CDM, JI, and More - The Climate Strategy of the EU

The objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in or-der to highlight the effects of the grandfathering of permits to energy-intensive instal-lations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion

H2S biosynthesis and catabolism: new insights from molecular studies

Hydrogen sulfide (H2S) has profound biological effects within living organisms and is now increasingly being considered alongside other gaseous signalling molecules, such as nitric oxide (NO) and carbon monoxide (CO). Conventional use of pharmacological and molecular approaches has spawned a rapidly growing research field that has identified H2S as playing a functional role in cell-signalling and post-translational modifications. Recently, a number of laboratories have reported the use of siRNA methodologies and genetic mouse models to mimic the loss of function of genes involved in the biosynthesis and degradation of H2S within tissues. Studies utilising these systems are revealing new insights into the biology of H2S within the cardiovascular system, inflammatory disease, and in cell signalling. In light of this work, the current review will describe recent advances in H2S research made possible by the use of molecular approaches and genetic mouse models with perturbed capacities to generate or detoxify physiological levels of H2S gas within tissue