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MULTI DIMENSION IMPACT ACCOUNTING
File: MDIA-p3-06-CARBON-CYCLE-150420.odp Peter Burgess (c) All rights reserved
MDIACARBON CYCLE
MULTI DIMENSION IMPACT ACCOUNTING
WORK-IN-PROGRESS.SLIDESET STILL IN DEVELOPMENT.UPDATES WILL BE POSTED OVER
THE NEXT SEVERAL WEEKS
CARBON … an enormously important scientific element.
… and a critical link between chemistry and biology
MULTI DIMENSION IMPACT ACCOUNTING
The burning of CARBON produces carbon dioxide, a colorless gas that changes the heat transfer properties of the atmosphere.
The chemical formula for carbon dioxide is CO2
CO2 is a Greenhouse Gas (GHG) … an important causal factor in global warming.
MULTI DIMENSION IMPACT ACCOUNTING
The following slides show various depictions of the CO2 dimension of the CARBON CYCLE
MULTI DIMENSION IMPACT ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
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EOPCARBON CYCLE
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EOPCARBON RESERVOIRS AND FLUXES
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EOPCARBON CYCLE – CARBON STORES
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EOPCARBON SINK
In addition to CARBON DIOXIDE, there is also METHANE.
CH4 is the chemical formula for methane
METHANE is a far more potent greenhouse gas (GHG) than CO2 by a factor of more than twenty.
MULTI DIMENSION IMPACT ACCOUNTING
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EOPMETHANE CYCLE
The industrial revolution has been enabled by fossil fuel energy based on CARBON.
Without energy, the modern quality of life we enjoy cannot exist.
MULTI DIMENSION IMPACT ACCOUNTING
How to have the energy we need to sustain and improve quality of life while also reducing the dangerous impact that GHGs are having on the atmosphere?
MULTI DIMENSION IMPACT ACCOUNTING
Best practice for fossil fuels:● Carbon capture and sequestration technology
MULTI DIMENSION IMPACT ACCOUNTING
MULTI DIMENSION IMPACT ACCOUNTING
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EOPCARBON CAPTURE AND SEQUESTRATION
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EOPALGAE TO CAPTURE CARBON
Least cost power generation in money profit terms results in worst behavior relative to environment.
When carbon emissions are costed using a standard impact metric … the calculation will be different.
MULTI DIMENSION IMPACT ACCOUNTING
1 metric ton of CO2 = 1 EDU
1 metric ton of CH4 = 27 EDUs
* EDU is an Environmental Degradation Unit
MULTI DIMENSION IMPACT ACCOUNTING
At the moment we do not know the exchange rate that will apply between a unit of money value such as the US dollar and the EDU
This is not important at this stage. The first step is to have a single measure that works for all aspects of environmental degradation.
MULTI DIMENSION IMPACT ACCOUNTING
Moving forward … Request for collaborationMoney is part of a complex socio-enviro-economic system. While it works … it does not work as well as it should, nor as well as it could. The work of MDIA is to enable this complex system to work better.
MDIA needs to be a team effort. Join in and help to make the world a better place. Please get in touch.
Peter Burgess … [email protected]
MULTI DIMENSION IMPACT ACCOUNTING