Terrestrial carbon sinks and sources were introduced into climate change mitigation related policy relatively late in the design of the architecture of those policies. Much literature addresses how terrestrial sources and sinks differ from emissions from fossil fuel combustion and, hence, is a possible justification for differential treatment of them in policy design. Late introduction in climate policy discussions and perceived differences appear to have resulted in very different policy approaches for sinks versus fossil emission sources. The attempt to differentiate has generated complexity in policy design and likely inefficiency in the operation of these policies. We review these issues and find that the characteristics claimed to apply to sinks apply as well to fossil sources, and differences that do exist are often more a matter of degree than of kind. Because cap-and-trade has gained momentum as the instrument of choice to control fossil emissions, we use as a starting point, how such a cap-and-trade system could be altered to include terrestrial carbon sinks and sources.
The MIT Joint Program on the Science and Policy of Global Change is an organization for research, independent policy analysis, and public education in global environmental change. It seeks to provide leadership in understanding scientific, economic, and ecological aspects of this difficult issue, and combining them into policy assessments that serve the needs of ongoing national and international discussions. To this end, the Program brings together an interdisciplinary group from two established research centers at MIT: the Center for Global Change Science (CGCS) and the Center for Energy and Environmental Policy Research (CEEPR). These two centers bridge many key areas of the needed intellectual work, and additional essential areas are covered by other MIT departments, by collaboration with the Ecosystems Center of the Marine Biology Laboratory (MBL) at Woods Hole, and by short-and long-term visitors to the Program. The Program involves sponsorship and active participation by industry, government, and non-profit organizations.To inform processes of policy development and implementation, climate change research needs to focus on improving the prediction of those variables that are most relevant to economic, social, and environmental effects. In turn, the greenhouse gas and atmospheric aerosol assumptions underlying climate analysis need to be related to the economic, technological, and political forces that drive emissions, and to the results of international agreements and mitigation. Further, assessments of possible societal and ecosystem impacts, and analysis of mitigation strategies, need to be based on realistic evaluation of the uncertainties of climate science.This report is one of a series intended to communicate research results and improve public understanding of climate issues, thereby contributing to informed debate about the climate issue, the uncertainties, and the economic and social implications of policy alternatives. Titles in the Report Series to date are listed on the inside back cover.
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