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AGU Fall Meeting: Spying on carbon
At last year’s AGU Fall Meeting,
environmentalresearchweb spoke to David Crisp of NASA to find out more about
the Orbiting Carbon Observatory (see http://environmentalresearchweb.org/cws/article/research/32196).
Since then, progress has been good and the satellite is due for launch sometime
after
Speaking at a press briefing, Crisp’s
colleague Scott Denning detailed how the observatory will help us find out more
about Earth’s carbon sinks. Currently these vary in the amount of carbon they
absorb from year to year and nobody knows why. “Some years almost all the
fossil carbon enters the atmosphere, some years almost none,” he said.
“On average it’s about half.”
What’s more, with the introduction of
systems such as the European Carbon Exchange, carbon sinks are becoming a
commodity. On November 11th of this year, the price of carbon on the exchange
was $102 per tonne. Earth’s carbon sinks currently absorb around 4 billion
tonnes of carbon a year: to buy that amount of carbon removal on the exchange
(assuming it were available, which it isn’t) would cost $408 billion. As
Denning put it, “that’s a lot of money even by bailout standards”.
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