Reconstructing Climate Policy: Beyond Kyoto

In their comprehensive analysis of the Kyoto Protocol and climate policy, Richard B. Stewart and Jonathan B. Wiener examine the current impasse in climate policy and the potential steps nations can take to reduce greenhouse gases. They summarize the current state of information regarding the extent of global warming that would be caused by increasing uncontrolled greenhouse gas emissions. They explain why participation by all major greenhouse gas-emitting countries is essential to curb future greenhouse gas emissions and also note the significant obstacles to obtaining such participation. Stewart and Wiener argue it is in the national interest of the United States to participate in such a regime, provided that it is well designed. They discuss the elements of sound climate regulatory design, including maximum use of economic incentives, the comprehensive approach, and other flexibility mechanisms; participation by all major emitting countries, including developing countries; regulatory targets based on longer-term emissions pathways set to maximize net social benefits; and effective arrangements to ensure compliance with regulatory obligations by nations and sources. After evaluating the successes and failures of the Kyoto Protocol in light of those elements, the authors propose a series of U.S. initiatives at the international and domestic levels, with the aim of engaging the United States and major developing country emitters such as China in the global greenhouse gas regulatory effort and correcting the remaining defects in the design of the Kyoto Protocol. Although several alternatives to the current Kyoto Protocol regime have been proposed, Stewart and Wiener argue that the best approach for surmounting the current global climate policy impasse is a new strategy that would lead, sooner or later, to simultaneous accession by the United States and China (and other major developing country emitters) to a modified and improved version of the Kyoto Protocol agreement

Reconstructing Climate Policy: Beyond Kyoto

In their comprehensive analysis of the Kyoto Protocol and climate policy, Richard B. Stewart and Jonathan B. Wiener examine the current impasse in climate policy and the potential steps nations can take to reduce greenhouse gases. They summarize the current state of information regarding the extent of global warming that would be caused by increasing uncontrolled greenhouse gas emissions. They explain why participation by all major greenhouse gas-emitting countries is essential to curb future greenhouse gas emissions and also note the significant obstacles to obtaining such participation. Stewart and Wiener argue it is in the national interest of the United States to participate in such a regime, provided that it is well designed. They discuss the elements of sound climate regulatory design, including maximum use of economic incentives, the comprehensive approach, and other flexibility mechanisms; participation by all major emitting countries, including developing countries; regulatory targets based on longer-term emissions pathways set to maximize net social benefits; and effective arrangements to ensure compliance with regulatory obligations by nations and sources. After evaluating the successes and failures of the Kyoto Protocol in light of those elements, the authors propose a series of U.S. initiatives at the international and domestic levels, with the aim of engaging the United States and major developing country emitters such as China in the global greenhouse gas regulatory effort and correcting the remaining defects in the design of the Kyoto Protocol. Although several alternatives to the current Kyoto Protocol regime have been proposed, Stewart and Wiener argue that the best approach for surmounting the current global climate policy impasse is a new strategy that would lead, sooner or later, to simultaneous accession by the United States and China (and other major developing country emitters) to a modified and improved version of the Kyoto Protocol agreement

160keV 26Al-AMS with a single-stage accelerator mass spectrometer

Proof-of-principle 26Al-AMS analysis is achieved with a single-stage accelerator mass spectrometer (SSAMS) utilising very low ion energy. The SSAMS operates by discriminating against atomic isobar interference in a negative ion source and suppressing molecules with thick gas stripper. Resulting 1+ ions counting is with a surface barrier detector. The NEC designed SSAMS for 14C analysis is a popular model accelerator mass spectrometer and the developed further capability might be a significant addition to established 26Al-AMS capacity. Measurements at these energies should also be sufficient for alternative 26Al positive-ion mass spectrometry (PIMS)

Discounting Rules for Risky Assets

This paper develops a rule for calculating a discount rate to value risky projects. The rule assumes that asset risk can be measured by a single index (e.g., beta), but makes no other assumptions about specific forms of the asset pricing model. It treats all projects as combinations of two assets: Treasury bills and the market portfolio. We know how to value each of these assets under any theory of debt and taxes and under any assumption about the slope and intercept of the market line for equity securities. Our discount rate is a weighted average of the after-tax return on riskless debt and the expected return on the portfolio, where the weight on the market portfolio is beta.

An infrastructure for neural network construction

This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University.After many years of research the area of Artificial Intelligence is still searching for ways to construct a truly intelligent system. One criticism is that current models are not 'rich' or complex enough to operate in many and varied real world situations. One way to tackle this criticism is to look at intelligent systems that already exist in nature and examine these to determine what complexities exist in these systems and not in the current Al models. The research begins by presenting an overview of the current knowledge of Biological Neural Networks, as examples of intelligent systems existing in nature, and how they function. Artificial Neural networks are then discussed and the thesis examines their similarities and dissimilarities with their biological counterparts. The research suggests ways that Artificial Neural Networks may be improved by borrowing ideas from Biological Neural Networks. By introducing new concepts drawn from the biological realm, the construction of the Artificial Neural Networks becomes more difficult. To solve this difficulty, the thesis introduces the area of Evolutionary Algorithms as a way of constructing Artificial Neural Networks. An intellectual infrastructure is developed that incorporates concepts from Biological Neural Networks into current models of Artificial Neural Networks and two models are developed to explore the concept that increased complexity can indeed add value to the current models of Artificial Neural Networks. The outcome of the thesis shows that increased complexity can have benefits in terms of learning speed of an Artificial Neural Network and in terms of robustness to damage

"We let 'em go!": transition from remote community to boarding school: the Lockhart River experience

Richard Stewart studied the transition experience of Year 7 students leaving a remote Indigenous community in Cape York to access secondary education. He found the boarding transition space to be both complex and contested for students and their families. The research highlights urgent policy reform required to improve education outcomes for remote students