It seems to me that the value of CO2 and SRM can be interrelated via warming 
potential i.e. W/m2. If a doubling of air CO2 leads to a 3.7 W/m2 increase in 
forcing (IPCC), then doubling the current air CO2 load (400ppm x 7.76 
GtCO2/ppm)= 3104 Gt CO2) to 6208 Gt CO2 means that for every Gt CO2 of the 
total of 3104 Gt added we increase the forcing by 0.0012 W/m2. Assuming that 
for every Gt of CO2 emitted only 45% stays in the atmosphere (in the near term) 
then the net forcing is 0.00054 W m^-2 per Gt CO2 emitted or 0.54 picoW m^-2 
(tonne CO2 emissions avoided)^-1.  If the social value of avoiding CO2 
emissions is $30/tonne (Uncle Sam) and that cost only takes into account 
climate effects (not ocean acidification) then the value of either CO2 
avoidance or SRM is $56 per pW/m2 avoided - no?  Then in the case of SRM the 
issue becomes required timeframe of the avoidance - 100 years?

Greg
 
--------------------------------------------
On Fri, 8/21/15, Andrew Lockley <[email protected]> wrote:

 Subject: Re: [geo] Tricky question - SRM / carbon credits
 To: "David Grober-Morrow" <[email protected]>
 Cc: "geoengineering" <[email protected]>, "Maggie Zhou" 
<[email protected]>
 Date: Friday, August 21, 2015, 1:31 PM
 
 David (and
 others) 
 You're right that my question was inspired
 by the recent research showing that SRM gives a free CDR
 kicker. But this isn't the only way you could get carbon
 credits, as the temperature equivalence is a valid effect.
 
 The question is simply one of whether there
 will be any buyers. That will only be discovered when people
 start trying to sell the first SRM carbon credits. 
 Bearing in mind you can get carbon credits from
 forestry schemes, my guess is that current credits
 aren't bought or sold on the basis of longevity. Having
 an SRM credit that's calibrated against an avoided ton
 CO2 over 100 years seems reasonable, and one that's
 equivalent over 1000 years would seem essentially
 irreproachable (based on RF). 
 If people think this is illogical,
 illegitimate, immoral or illegal, then campaign for a ban.
 Don't shoot the messenger. 
 Thanks 
 Andrew 
 On 21 Aug 2015 14:39,
 "David Morrow" <[email protected]>
 wrote:
 Andrew,
 I take it
 that you're thinking about the recent research showing
 that SRM could actually reduce the amount of CO2 in the
 atmosphere by reducing the amount of carbon released from
 (or not absorbed by) terrestrial sinks. (At least, I think
 that's the mechanism people find in the simulations --
 if not, someone please correct me!).
 I agree with Olivier that
 there's no straightforward answer to the question about
 how much carbon a "unit" of SRM removes/keeps out
 of the atmosphere, both for the reason Olivier cited and
 because I take it the magnitude of the carbon reduction
 depends on background conditions (e.g., atmospheric
 concentrations and temperatures), which would evolve over
 time -- especially at the time scales needed to say that SRM
 has actually prevented carbon release, rather than delaying
 it.
 I also agree with
 Maggie that this isn't just a physics/earth science
 question. A carbon credit is a social creation. SRM
 isn't worth any carbon credits unless the relevant
 decision-making bodies say it is. And I think it would be a
 very bad idea for them to say so.
 So, in short, I'd say the answer
 to your question is: Currently, SRM is not worth any carbon
 credits; and it should stay that way, regardless of
 SRM's effects on atmospheric carbon
 concentrations.
 David
 
 On Thursday, August 20, 2015 at 7:47:40 PM
 UTC-4, Maggie Zhou wrote:Hi
 Andrew,
 Firstly, there is no
 sound answer to the question posed in terms of physics
 /earth science, exactly because SRM is not a true substitute
 of removing carbon, it does not confer the same effect in
 terms of duration of effect, and effect on many other
 aspects of the earth system other than the reduction of heat
 while the aerosol is in the air.  So it is scientifically
 flawed to ignore all of that, in order to render a carbon
 credit equivalent so as to be able to monitize SRM, just
 like everything else is driven to be monitized under the
 insane capitalist system.
 Secondly, in
 a non-voluntary system that requires carbon credits in order
 to emit GHGs, SRM generated credits will simply add to the
 annual emissions cap, which is what I pointed out in my last
 email.  In a voluntary system where people/corporations
 simply purchase carbon credits to feel better or use as a PR
 tool, SRM generated credits allow them to justify their
 emissions which they otherwise would be under greater
 pressure to reduce, and for those emissions outside of their
 direct control, SRM generated credits won't help
 reduce anyway.  In fact they would feel even less
 responsible to change agricultural emissions (advocating for
 better agri practices, etc), or what their government is
 doing in their name.
 It's amusing, if not
 also sad, that you considered what I discussed in the last
 email as from a "political angle", i.e., not
 "science proper".  I'd suggest that what I
 discussed there is simply science as applied to the physical
 reality of this earth, not some abstract concept that draws
 an artificial equivalence of SRM = C
 removal. Peace.
 
 Maggie Zhou, PhDhttps://www.facebook.com/maggie.zhou.543
   
 
 
      On Thursday, August
 20, 2015 7:00 PM, Andrew Lockley <[email protected]> wrote:
     
 
  Maggie (and
 list), 
 Thanks for your response. However, there are
 a couple of problems with the stance you take. 
 Firstly, I'm simply looking to answer a
 physics / earth science question. The answer will be true
 whether we want it to be, or not. The world deals with many
 other distasteful comparisons, such as how much is a life
 worth in cost-benefit analyses. 
 Secondly, even if we engage with the
 political angle you discuss, your logic doesn't
 necessarily bear scrutiny. People may choose to offset only
 the components of their emissions they have no control over,
 eg agriculture, government sector, etc. I'd suggest that
 those buying carbon credits are probably more prone to
 taking mitigation action than demographically matched
 controls. 
 I'd welcome further dialogue. 
 Thanks 
 Andrew Lockley 
 On 20 Aug 2015 23:49, "Maggie Zhou"
 <[email protected]>
 wrote:
 "How many
 carbon credits is a tonne of SRM
 worth?"
 Seriously?  This is
 precisely what geoengineering proponents promised that it
 won't be used for - as a substitute in any way, shape or
 form to carbon emission mitigation.  To get acceptance for
 the idea of even funding research into SRM or other
 geoengineering schemes in response to global warming, the
 repeated promise was that it is not meant to replace
 emission reductions, only a backup to buy us some
 time...
 Using SRM to generate carbon credits is EXACTLY to
 generate EXTRA carbon emissions allowances - even though all
 SRM could do, at best, is masking the true impact of the
 current GHG levels on warming while the spraying is ongoing,
 without ever removing a single atom of carbon from the
 atmosphere for which it's to claim carbon credit.  In
 short, SRM will lead to even MORE emissions, not less, and
 due to the masking and the lack of public awareness that
 it's the masking that's keeping the temperatures
 from shooting up even higher even quicker, it just helps
 keeping business-as-usual longer, on top of ocean
 acidification, acid rain, potential disruption of regional
 climate patterns, etc etc.
 
 Maggie Zhou, PhDhttps://www.facebook.com/maggie.zhou.543
   
 
 
      On Thursday, August
 20, 2015 4:15 AM, Andrew Lockley <[email protected]> wrote:
     
 
  How many carbon
 credits is a tonne of SRM worth? 
 We could work this out as watts cooling or
 weight sulphur for weight carbon. Doesn't really matter.
 
 Thanks 
 Andrew 
 
 
 
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