Empirical calibration of climate policy using corporate solvency: a case study of the UK’s carbon price support     

Ben Caldecott  Gerard Dericks 《Climate Policy》2018,18(6):766-780

Emission reductions improve the chances that dangerous anthropogenic climate change will be averted, but could also cause some firms financial distress. Corporate failures, especially if they are unnecessary, add to the social cost of abatement. Social value can be permanently destroyed by the dissolution of organizational capital, deadweight losses paid to liquidators, and unemployment. This article proposes using measures of corporate solvency as an objective tool for policy makers to calibrate the optimal stringency of climate change policies, so that they can deliver the least loss of corporate solvency for a given level of emission reductions. They could also be used to determine the generosity of any compensation to address losses to corporate solvency. We demonstrate this approach using a case study of the UK’s Carbon Price Support (a carbon tax).

Key policy insights

• Solvency metrics could be used to empirically calibrate the optimal stringency of climate policies.

• An idealized solvency trajectory for firms affected by climate change policy would cause corporate solvency to initially decline – approaching but not exceeding ‘distressed’ levels – and then gradually improve to a new ‘steady state’ once the low-carbon transition had been achieved.

• In terms of the UK’s Carbon Price Support, corporate solvency of energy-intensive industries was found to be stable subsequent to its introduction. Therefore, the available evidence does not support its later weakening.

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Assessment of the spatial structure and biomass evaluation of Nephrops norvegicus (L.) populations in the northwestern Mediterranean by geostatistics     

Maynou  Francesc X.; Sarda  Francisco; Conan  Gerard Y. 《ICES Journal of Marine Science》1998,55(1):102-120

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Helophyte zonation in two regulated estuarine areas in the Netherlands: Vegetation analysis and relationships with hydrological factors     

Hugo Coops  Noël Geilen  Gerard van der Velde 《Estuaries and Coasts》1999,22(3):657-668

The relationship between hydrological conditions and riparian helophyte vegetation was studied in two freshwater estuaries that differed in tidal regulation in order to assess the effects of large-scale hydrological regulation on the fringe vegetation. Vegetation and environmental variables were sampled for 206 sites in the Rhine-Meuse estuary (146 sites) and the IJsselmeer region (60 sites) in the Netherlands. These samples were classified into 10 vegetation types, all of which were dominated by tall helophytes. The most common vegetation types were dominated byPhragmites australis andTypha angustifolia, which formed both monospecific stands and mixtures. Tall Cyperaceae dominated three vegetation types (dominated individually bySchoenoplectus lacustris, Bolboschoenus maritimus, andSchoenoplectus tabernaemontani).Acorus calamus. Principal components analysis of the species composition of vegetation fringing open-water areas and associated environmental data revealed complex gradients incorporating differences in water depth, water-level fluctuation, were exposure, and sedimentation and/or erosion. The composition of the helophyte belts varied among the areas as the result of the differing times at which regulation occurred. Based on historical data, hydrological regulation of the estuaries has resulted in deterioration of intertidalSchoenoplectus andBolboschoenus stands, due to erosion and predation.P. australis stands have been invaded by terrestrial plant species or have been replaced byT. angustifolia. A scheme is presented of helophyte vegetation development under the influence of changes in the hydrological regime.  相似文献   

Parsimonious wave‐equation travel‐time inversion for refraction waves          下载免费PDF全文

Lei Fu  Sherif M. Hanafy  Gerard T. Schuster 《Geophysical Prospecting》2017,65(6):1452-1461

We present a parsimonious wave‐equation travel‐time inversion technique for refraction waves. A dense virtual refraction dataset can be generated from just two reciprocal shot gathers for the sources at the endpoints of the survey line, with N geophones evenly deployed along the line. These two reciprocal shots contain approximately 2N refraction travel times, which can be spawned into refraction travel times by an interferometric transformation. Then, these virtual refraction travel times are used with a source wavelet to create N virtual refraction shot gathers, which are the input data for wave‐equation travel‐time inversion. Numerical results show that the parsimonious wave‐equation travel‐time tomogram has about the same accuracy as the tomogram computed by standard wave‐equation travel‐time inversion. The most significant benefit is that a reciprocal survey is far less time consuming than the standard refraction survey where a source is excited at each geophone location.  相似文献   

Multiscale phase inversion for 3D ocean-bottom cable data     

Lei Fu  Zongcai Feng  Gerard T. Schuster 《Geophysical Prospecting》2020,68(3):786-801

We invert three-dimensional seismic data by a multiscale phase inversion scheme, a modified version of full waveform inversion, which applies higher order integrations to the input signal to produce low-boost signals. These low-boost signals are used as the input data for the early iterations, and lower order integrations are computed at the later iterations. The advantages of multiscale phase inversion are that it (1) is less dependent on the initial model compared to full waveform inversion, (2) is less sensitive to incorrectly modelled magnitudes and (3) employs a simple and natural frequency shaping filtering. For a layered model with a three-dimensional velocity anomaly, results with synthetic data show that multiscale phase inversion can sometimes provide a noticeably more accurate velocity profile than full waveform inversion. Results with the Society of Exploration Geophysicists/European Association of Geoscientists and Engineers overthrust model shows that multiscale phase inversion more clearly resolves meandering channels in the depth slices. However, the data and model misfit functions achieve about the same values after 50 iterations. The results with three-dimensional ocean-bottom cable data show that, compared to the full waveform inversion tomogram, the three-dimensional multiscale phase inversion tomogram provides a better match to the well log, and better flattens angle-domain common image gathers. The problem is that the tomograms at the well log provide an incomplete low-wavenumber estimate of the log's velocity profile. Therefore, a good low-wavenumber estimate of the velocity model is still needed for an accurate multiscale phase inversion tomogram.  相似文献   

Sediment yield of the lower Tana River,Kenya, is insensitive to dam construction: sediment mobilization processes in a semi‐arid tropical river system          下载免费PDF全文

Naomi Geeraert  Fred Ochieng Omengo  Fredrick Tamooh  Paolo Paron  Steven Bouillon  Gerard Govers 《地球表面变化过程与地形》2015,40(13):1827-1838

Dam construction in the 1960s to 1980s significantly modified sediment supply from the Kenyan uplands to the lower Tana River. To assess the effect on suspended sediment fluxes of the Tana River, we monitored the sediment load at high temporal resolution for 1 year and complemented our data with historical information. The relationship between sediment concentration and water discharge was complex: at the onset of the wet season, discharge peaks resulted in high sediment concentrations and counterclockwise hysteresis, while towards the end of the wet season, a sediment exhaustion effect led to low concentrations despite the high discharge. The total sediment flux at Garissa (c. 250 km downstream of the lowermost dam) between June 2012 and June 2013 was 8.8 Mt yr^‐1. Comparison of current with historical fluxes indicated that dam construction had not greatly affected the annual sediment flux. We suggest that autogenic processes, namely river bed dynamics and bank erosion, mobilized large quantities of sediments stored in the alluvial plain downstream of the dams. Observations supporting the importance of autogenic processes included the absence of measurable activities of the fall‐out radionuclides ⁷Be and ¹³⁷Cs in the suspended sediment, the rapid lateral migration of the river course, and the seasonal changes in river cross‐section. Given the large stock of sediment in the alluvial valley of the Tana River, it may take centuries before the effect of damming shows up as a quantitative reduction in the sediment flux at Garissa. Many models relate the sediment load of rivers to catchment characteristics, thereby implicitly assuming that alterations in the catchment induce changes in the sediment load. Our research confirms that the response of an alluvial river to external disturbances such as land use or climate change is often indirect or non‐existent as autogenic processes overwhelm the changes in the input signal. Copyright © 2015 John Wiley & Sons, Ltd.  相似文献   

Generalized diffraction‐stack migration and filtering of coherent noise     

Ge Zhan  Wei Dai  Min Zhou  Yi Luo  Gerard T. Schuster 《Geophysical Prospecting》2014,62(3):427-442

We reformulate the equation of reverse‐time migration so that it can be interpreted as summing data along a series of hyperbola‐like curves, each one representing a different type of event such as a reflection or multiple. This is a generalization of the familiar diffraction‐stack migration algorithm where the migration image at a point is computed by the sum of trace amplitudes along an appropriate hyperbola‐like curve. Instead of summing along the curve associated with the primary reflection, the sum is over all scattering events and so this method is named generalized diffraction‐stack migration. This formulation leads to filters that can be applied to the generalized diffraction‐stack migration operator to mitigate coherent migration artefacts due to, e.g., crosstalk and aliasing. Results with both synthetic and field data show that generalized diffraction‐stack migration images have fewer artefacts than those computed by the standard reverse‐time migration algorithm. The main drawback is that generalized diffraction‐stack migration is much more memory intensive and I/O limited than the standard reverse‐time migration method.  相似文献   

Spatial Data Quality. Edited by WENZHONG SHI,PETER F. FISHER and MICHAEL F. GOODCHILD (London: Taylor & Francis, 2002) [Pp. xx+313]. ISBN: 0-415-25835-9. Price £59.99. Hardback.     

Gerard B. M. Heuvelink 《International journal of geographical information science》2013,27(8):816-818

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Impact of Berm Breaching on Hyperbenthic Macroinvertebrate Communities in Intermittently Closed Estuaries   总被引：1，自引：0，他引：1  

Adrian W. T. Lill  Gerard P. Closs  Marc Schallenberg  Candida Savage 《Estuaries and Coasts》2012,35(1):155-168

Berm breaching of intermittently closed estuaries, either naturally or due to management practices, results in a physicochemical disturbance due to the flushing of water, material and biota into the ocean and the subsequent tidal influx. In 2007 and 2008 comparative and controlled studies were employed in three New Zealand estuaries: Sawmill Creek (46°04′ S 170°12′ E), Otokia Creek (45°57′ S 179°20′ E) and Kaikorai Lagoon (45°56′ S 170°23′ E), to investigate the impact of berm breaching on the hyperbenthic macroinvertebrate community in intermittently closed estuaries. Significant changes in community structure occurred in both the weekly comparative and the controlled studies (ANOSIM P < 0.01). Furthermore, the catch per unit effort of both total and key invertebrate taxa significantly increased after breaching (ANOVA P < 0.01). However, substantial numbers of individuals were expelled into the ocean (5,800 individuals, 20-min sample) while new taxa immigrated into the estuaries. Along with migration-related changes to community structure, berm breaches also resulted in the loss of ∼80% of inundated habitat and the concentration of existing populations. Consequently, the management of intermittent estuary connections to the ocean has implications for the ecology of individual, managed estuaries and also for regional coastal populations of epibenthic invertebrates.  相似文献   

A Dutch multi-date land use database: Identification of real and methodological changes     

Gerard W. Hazeu  Arnold K. Bregt  Allard J.W. de Wit  Jan G.P.W. Clevers 《International Journal of Applied Earth Observation and Geoinformation》2011

Land cover and land use are important information sources for environmental issues. One of the most important changes at the Earth's surface concerns land cover and land use. Knowledge about the location and type of these changes is essential for environmental modeling and management. Remote sensing data in combination with additional spatial data are recognized as an important source of information to detect these land cover and land use changes.  相似文献