The development of global computable general equilibrium (CGE) models lagged behind development of national models as globally consistent datasets were not readily available and software and hardware were generally not up to the task. As the latter improved and data became more readily available...

Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...

The European Union's Emissions Trading System is the largest system in the world for trade in greenhouse gases. It used to be a cap-and-trade scheme with a fixed supply of permits. However, a recent reform of the system "punctures the waterbed" by making the supply of permits endogenous. The...

We provide a statistical interpretation of current practice in climate modeling. In this review, we define weather and climate, clarify the relationship between simulator output and simulator climate, distinguish between a climate simulator and a statistical climate model, provide a statistical...

Determining reasonable indicators for climate change projects is complicated by the long-term horizon of both mitigation and adaptation project impacts as well as the uncertainty associated with climate change impacts. Actions taken now are often designed to have an impact in the uncertain and...

This work has been based on a conceptual design of a ship for transport of liquified CO2 from the port of Dunkirk in France to the Northern Lights CO2 terminal at Kollsnes in Norway. The ship is intended as a part of a possible logistics chain for the Carbon Capture and Storage (CCS) DMX...

There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...