Journal Articles

martxoa 19, 2018

BC3 Journal Article: From principles to practice in paying for nature’s services

Payments for Environmental Services (PES) constitute an innovative economic intervention to counteract the global loss of biodiversity and ecosystem functions. In theory, some appealing features should enable PES to perform well in achieving conservation and welfare goals. In practice, outcomes depend on the interplay between context, design and implementation. Inspecting a new global dataset, we find that some PES design principles pre-identified in the social-science literature as desirable, such as spatial targeting and payment differentiation, are only partially being applied in practice.
martxoa 13, 2018

BC3 Journal Article: “Restoration and repair of Earth’s damaged ecosystems”

Given that few ecosystems on the Earth have been unaffected by humans, restoring them holds great promise for stemming the biodiversity crisis and ensuring ecosystem services are provided to humanity. Nonetheless, few studies have documented the recovery of ecosystems globally or the rates at which ecosystems recover.
martxoa 5, 2018

BC3 Journal Article: Health co-benefits from air pollution and mitigation costs of the Paris Agreement: a modelling study

Although the co-benefits from addressing problems related to both climate change and air pollution have been recognised, there is not much evidence comparing the mitigation costs and economic benefits of air pollution reduction for alternative approaches to meeting greenhouse gas targets. We analysed the extent to which health co-benefits would compensate the mitigation cost of achieving the targets of the Paris climate agreement (2°C and 1·5°C) under different scenarios in which the emissions abatement effort is shared between countries in accordance with three established equity criteria.
iraila 29, 2017

BC3 Journal Article “Carbon risk and optimal retrofitting in cement plants: An application of stochastic modelling, MonteCarlo simulation and Real Options Analysis”

The cement sector is highly intensive in CO2 emissions and is the second biggest industrial sector in terms of emissions after the electricity generation sector. It emits CO2 from the combustion of fossil fuels, the calcination process and, indirectly, from electricity consumption. The ambitious climate change policy in the EU means that carbon prices and fuel prices are two very important sources of uncertainty that may affect the competitiveness of the sector. This paper focuses on understanding the risk associated with the future price of European Union Emission Trading System allowances.
iraila 27, 2017

BC3 Journal Article “Investing in adaptation: flood risk and real option application to Bilbao”

Investment decisions in adaptation are usually made under significant uncertainty due to climate change and socio-economic trends. In this study, we propose three ways to incorporate climate and socio-economic uncertainty into the assessment of an adaptation infrastructure designed to cope with flood-risk in the city of Bilbao.
iraila 14, 2017

BC3 Journal Article “A 7,000 yr high-resolution lake sediment record from coastal central Chile (Lago Vichuquén, 34°S): implications for past sea level and environmental variability”

We present a 7-ka environmental reconstruction based on sedimentological and geochemical data from Lago Vichuquén, a coastal eutrophic lake in central Chile (34°48′S, 72°03′ W, 4 m a.s.l.). A relatively shallow and restricted marine environment with low productivity, high detrital input and dominant anoxic conditions in the Vichuquén Basin occurred from 7.0 to 6.5 cal ka BP.
iraila 10, 2017

BC3 Journal Article “The means determine the end – Pursuing integrated valuation in practice”

In environmental valuation, although it is well recognised that the choice of method heavily affects the outcome, little is known on how existing valuation methods actually elicit the different values. Through the assessment of real-life applications of valuation of nature, this study tracks down the suitability of 21 valuation methods for 11 value types and assesses the methodological requirements for their operationalization.
abuztua 28, 2017

BC3 Journal Article “Finance, energy and the decoupling: an empirical study”

This paper investigates the empirical and theoretical basis of the decoupling between energy throughput and economic growth, with a critical view of the use of the decoupling concept as a policy priority. We provide an analysis of the historical trends of the metabolic pattern of European economies over a period of 18 years focusing on the changes in energy throughput and financial assets.
abuztua 16, 2017

BC3 Journal Article “Land markets, Property rights, and Deforestation: Insights from Indonesia”

We examine the emergence of land markets and their effects on forest land appropriation by farm households in Jambi Province, Sumatra, using micro-level data covering land use and land transactions for a period of more than 20 years (1992–2015).
abuztua 13, 2017

BC3 Journal Article “Valuation of Real Options in Crude Oil Production”

Oil producers are going through a hard period. They have a number of real options at their disposal. This paper addresses the valuation of two of them: the option to delay investment and the option to abandon a producing field.




©2008 BC3. Basque centre for climate change – Klima aldaketa ikergai. All rights reserved.


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