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81.
《Climate Policy》2013,13(1):27-40
Abstract

Atmospheric CO2 concentration can be decreased not only by reducing fossil fuel burning but also by increasing the terrestrial ecosystems that serve as sinks for CO2. The Kyoto Protocol allows countries that are burdened with emission reduction commitments to use carbon sequestration by terrestrial sinks. However, opinions differ widely on how the inclusion of terrestrial carbon sinks in the legally binding framework (Article 3.3) will affect the demand for emission reduction during the commitment period. We approach this issue by combining a simulation model of the carbon stock change with that of land-use change. The result of the simulation shows that the Annex I countries in total may potentially claim for a net carbon offset as high as 0.2 GtC per year by carrying out ARD (Afforestation, Reforestation and Deforestation) activities. In order to come up with an effective long-term climate regime, political decisions are necessary to realize an appropriate balance between the sink enhancement and the emission reduction. Sink activities should not be too large to eliminate the efforts for emission reduction, nor too small to discourage the efforts in enhancing sinks. Although prediction of sink activities is an extremely difficult venture, several estimates of the potential should be carefully considered before political decisions. Appropriate inclusion of sink activities is also crucial for ratifying the Kyoto Protocol.  相似文献   
82.
《Climate Policy》2013,13(4):353-365
Abstract

The first commitment period of the Kyoto Protocol is expected to result in only a small role for the Clean Development Mechanism (CDM), including afforestation and reforestation projects. Wide ranging concerns regarding sinks in the CDM have been reflected in the Marrakech Accords capping the total amount of emission offsets from sinks projects to be used by Annex I countries. Decisions about the second commitment period and beyond are likely to be of far greater importance for these projects.

This paper contributes to the discussion on how caps on sinks under the CDM could be used to obtain overall improved outcomes for developing countries. We examine two distinctive ways in which quantitative caps on sinks in the CDM can be implemented: one, restricting the use of sinks CERs to meet targets, as under the Marrakech Accords (a cap on demand); and two, restricting supply of sink CERs using a quota system. We argue in favour of a supply side cap, if Parties are to preserve the idea of limiting sinks in the CDM. Limiting the supply of credits could lead to better financial outcomes for developing countries as a whole, make higher-cost projects viable which may have better sustainability impacts, and provide an alternative to deal with equity concerns between developing countries.  相似文献   
83.
《Climate Policy》2013,13(1):35-49
Abstract

This paper examines three issues in quantifying project-level emissions reductions (ERs): baseline and additionality determination, leakage assessment, and measurement of net emissions. It finds no systematic differences between land use change and forestry (LUCF) and energy projects in addressing these issues. Rather, the ease of quantification depends on the following:

  • ?The level and distribution of direct financial benefits that result from the project, since this is a key determinant of additionality.

  • ?The degree to which the project is integrated with a broader physical and economic system, since this determines the amount of leakage.

  • ?The internal homogeneity and geographic dispersion of the project components—a key determinant of measurement costs.

These dimensions cut across the energy versus LUCF distinction.  相似文献   
84.
《Climate Policy》2013,13(1):51-70
Abstract

To reduce the risk of overselling in the context of international greenhouse gas trading under the Kyoto Protocol, Parties have agreed to a commitment period reserve requirement. The commitment period reserve requires each Annex B Party to hold in its national registry quota equal to the lower of (a) X% of five times the Party's most recently reviewed emissions inventory; and (b) Y% of the Party's initial assigned amount. The agreement reached at the resumed sixth session of the Conference of the Parties (COP) sets X = 100% and Y = 90%. This paper analyses different specifications (values of X and Y) of the commitment period reserve in terms of potential non-compliance due to overselling and restricted sales of quota surplus to compliance needs of the seller. To eliminate potential non-compliance due to overselling, Y must be equal to 100% and X must be greater than 105%. Specifications that limit potential non-compliance due to overselling, may temporarily restrict sales of quota surplus to the compliance of some countries. The Annex II Parties are less likely to face restrictions on sales of surplus quota than other Annex B countries. The risk of temporarily restricted sales is reduced to less than 10% for almost all countries for a value of X close to 90%.  相似文献   
85.
《Climate Policy》2013,13(3):306-315
Consideration of incentives for reducing emissions from deforestation and forest degradation (REDD) is now formally part of the post-2012 climate change negotiations. A significant amount of financing will be required to make REDD a success, but the design of the REDD architecture can determine the availability of capital. Therefore, in negotiations this should be considered at the same time and on an equal basis with methodological and political considerations. Detailed consideration is given to the type of commitment, the financing mechanism, the level of incentive allocation, and the fungibility of carbon credits, in the context of experience from existing carbon markets. We conclude that a financially successful REDD mechanism would be based on a strong regulatory framework with mandatory targets, market-based, with some degree of project-level crediting, creating fungible REDD credits, subject to a cap.  相似文献   
86.
《Climate Policy》2013,13(1):752-767
Policy-makers and scientists have raised concerns about the functioning of the Clean Development Mechanism (CDM), in particular regarding its low contribution to sustainable development, unbalanced regional and sectoral distribution of projects, and its limited contribution to global emission reductions. Differentiation between countries or project types has been proposed as a possible way forward to address these problems. An overview is provided of the different ways in which CDM differentiation could be implemented. The implications for the actors involved in the CDM are analysed, along with a quantitative assessment of the impacts on the carbon market, using bottom-up marginal abatement cost curves. The discounting of CDM credits, quota systems, or differentiated eligibility of countries could help to address several of the concerns raised. Preferential treatment may also make a limited contribution to achieving the aims of CDM differentiation by increasing opportunities for under-represented host countries. The impact on the carbon market appears to be limited for most options.  相似文献   
87.
After the US withdrawal from the Kyoto Protocol and the extension of national quotas in the Bonn and Marrakesh agreements, meagre environmental effects and a low price of emission permits are likely to be the outcome of implementation. This paper attempts to analyze this scenario, mainly in relation to the Russian case. I discuss on the basis of certain key assumptions the strategic options open to the supply side of the permit market and Russia's potentially incompatible interests as a producer of oil and gas on the one hand and a dominating seller of emission permits under the Kyoto Protocol on the other. The analysis shows that Russian oil and gas interests are likely to boost Russia's inclination to sell permits, ultimately resulting in lower permit prices.  相似文献   
88.
The objective of this paper is to assess recent developments and prospects for future changes in United States (US) climate strategy. In doing so, the paper explores some of the key factors that have shaped strategies and policies to date, distinguishing between factors related to institutional and governance structures, linkages between science and policy, energy technology and the role of interest groups. Against this background, the paper attempts to explore future development paths for US climate policy. More specifically, the paper assesses opportunities for policy changes compared to the preferences of the current administration, and the prospects for future linkages between US and international climate change strategies. In brief, the paper argues that substantial changes are unlikely to take place in the near to medium term, leaving open, however, the possibility of wide-ranging changes in domestic politics or major incidents that could facilitate a shift in the perceived need for near-term action.  相似文献   
89.
Abstract

International negotiation on the additionality issue of the CDM (Clean Development Mechanism) seems to be proceeding without sufficient information or understanding. Especially apparent is a lack of recognition that the non-additional CERs (certified emission reductions) generated by relaxing the additionality criteria may lead to economic losses for developing countries. This article quantitatively reconfirms the effects of non-additional CERs on the international community, while clarifying that the generation of non-additional CERs in excess of a certain number will eventually lead to negative consequences for developing countries, even if these countries were able to acquire all the non-additional CERs. Furthermore, the Discussion section demonstrates that future system design would significantly affect the benefits of developing countries as well as the overall environmental integrity of the Kyoto mechanisms.  相似文献   
90.
Abstract

The UN Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol provide mechanisms for assisting less developed countries that are adversely affected by climate change. Such assistance would need a baseline, which ideally would set a precise date for specific impacts of climate change. This article presents the results of statistical tests that we carried out and, for the African region of the Sahel, finds that for precipitation (affecting food supply), impacts due to climate change can be ‘dated’ to the year 1967, when precipitation fell drastically, affecting the local food supply. Such a statistically robust benchmark would be useful to the Subsidiary Body for Scientific and Technological Advice (SBSTA) of the UNFCCC. The method illustrates how other baselines may be established for the important work of the SBSTA.  相似文献   
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