1. The value of scientific research on the ocean's biological carbon pump.
- Author
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Jin D, Hoagland P, and Buesseler KO
- Abstract
The ocean's biological carbon pump (BCP) sequesters carbon from the surface to the deep ocean and seabed, constituting one of Earth's most valuable ecosystem services. Significant uncertainty exists surrounding the amounts and rates of organic carbon sequestered in the oceans, however. With improved understanding of BCP sequestration, especially its scale, world policymakers would be positioned to make more informed decisions regarding the mitigation of carbon emissions. Here, an analytical model of the economic effects of global carbon emissions-including scientific uncertainty about BCP sequestration-was developed to estimate the value of marine scientific research concerning sequestration. The discounted net economic benefit of a putative 20-year scientific research program to narrow the range of uncertainty around the amount of carbon sequestered in the ocean is on the order of $0.5 trillion (USD), depending upon the accuracy of predictions, the convexities of climate damage and economic output functions, and the initial range of uncertainty., Competing Interests: Declaration of competing interest The authors whose names are listed immediately below certify that they have NO affiliations with or involvement in any organization or entity with any financial interest (such as honoraria; educational grants; participation in speakers' bureaus; membership, employment, consultancies, stock ownership, or other equity interest; and expert testimony or patent-licensing arrangements), or non-financial interest (such as personal or professional relationships, affiliations, knowledge or beliefs) in the subject matter or materials discussed in this manuscript. Author names: Di Jin, Porter Hoagland, Ken O. Buesseler., (Copyright © 2020 The Authors. Published by Elsevier B.V. All rights reserved.)
- Published
- 2020
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