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Conceptual Issues Related to Carbon Sequestration: Uncertainty and Time

WithG.C. van Kooten, A. Grainger, E. Ley, G. Marland, B. Solberg

Global climate change is about uncertainty related to ecological and economic processes, and political responses. It is about fairness and income distribution among nations, both now and in the future. It is a dynamic problem that involves national carbon transition functions, damage functions and discount rates. These issues form the basis of the current paper, which examines them from a conceptual point of view.