Marginal abatement cost curves (MACCs): important approaches to obtain (firm and sector) greenhouse gases (GHGs) reduction

The study aims to identify appropriate methods that can help organisations to reduce energy use and emissions by using an effective concept of sustainability. In different countries, estimates of marginal abatement costs for reducing GHG emissions have been widely used. Around the world, many researchers have focused on MACCs and reported different results. This may due to different assumptions used which in turn lead to uncertainty and inaccuracy. Under these circumstances, much attention has been paid to the need for the role of MACC in providing reliable information to decision makers and various stakeholders. By reviewing the literature, this paper has analysed MACCs in terms of the role of different approaches to MACCs, representations of MACCs, MACC applications, pricing carbon, verification, and sectors analysis for energy and emissions projections. This paper concludes that MACCs should depend on actual data to provide more reliable information that may assist (firms and sectors) stockholders to determine what appropriate method for reducing emission

Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy

The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate the real effects of exogenous credit shocks. Financial frictions, which are modelled as spreads between deposit and loan interest rates, are assumed to depend on economic activity as well as on credit shocks. A general finding is that almost all of the real response to a monetary policy shock comes from the price rigidity and not the credit frictions. Credit shocks, however, do have substantial real effects on macroeconomic variables. Thus, in this model, imperfections in credit markets are responsible only for a small amplification and propagation of the real effects of monetary policy shocks.Financial institutions; Monetary policy framework; Transmission of monetary policy

Flaring of tidally compressed dark-matter clumps

We explore the physics and observational consequences of tidal compression events (TCEs) of dark-matter clumps (DMCs) by supermassive black holes (SMBHs). Our analytic calculations show that a DMC approaching a SMBH much closer than the tidal radius undergoes significant compression along the axis perpendicular to the orbital plane, shortly after pericenter passage. For DMCs composed of self-annihilating dark-matter particles, we find that the boosted DMC density and velocity dispersion lead to a flaring of the annihilation rate, most pronounced for a velocity- dependent annihilation cross section. If the end products of the annihilation are photons, this results in a gamma-ray flare, detectable (and possibly already detected) by the Fermi telescope for a range of model parameters. If the end products of dark-matter annihilation are relativistic electrons and positrons and the local magnetic field is large enough, TCEs of DMCs can lead to flares of synchrotron radiation. Finally, TCEs of DMCs lead to a burst of gravitational waves, in addition to the ones radiated by the orbital motion alone, and with a different frequency spectrum. These transient phenomena provide interesting new avenues to explore the properties of dark matter.Comment: 11 pages, 6 figures; Minor changes; Version as published in PR