1. 1. MULTI DIMENSION IMPACT ACCOUNTING File: MDIA-p3-04-CARBON-CYCLE-150730.odp Peter Burgess (c) All rights reserved MDIA CARBON CYCLE
2. 2. EXPLANATION This slideset is A WORK-IN-PROGRESS. It will be upgraded periodically. It is part of a series of more than 50 slidesets. Navigation to all of these is available here: FEEDBACK is welcome. Please email to Peter Burgess peterbnyc@gmail.com with a catchy phrase in the subject line so that it gets attention, and please identify the specific slideset(s) involved. This explanation is version v150801. The most current text is available at: MULTI DIMENSION IMPACT ACCOUNTING http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=txt00010199 http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3
3. 3. MULTI DIMENSION IMPACT ACCOUNTING University-of-Michigan-Carbon-Cycle-Lecture-Notes CARBON CYCLE A very readable paper about the CARBON CYCLE from the University of Michigan
4. 4. CARBON an enormously important scientific element. and a critical link between chemistry and biology MULTI DIMENSION IMPACT ACCOUNTING
5. 5. 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 MULTI DIMENSION IMPACT ACCOUNTING
6. 6. CO2 is a Greenhouse Gas (GHG) an important causal factor in global warming. MULTI DIMENSION IMPACT ACCOUNTING
7. 7. The following slides show various depictions of the CO2 dimension of the CARBON CYCLE MULTI DIMENSION IMPACT ACCOUNTING
8. 8. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOP
9. 9. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON CYCLE
10. 10. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON RESERVOIRS AND FLUXES
11. 11. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON CYCLE CARBON STORES
12. 12. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON SINK
13. 13. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPTEMPERATURE HISTORY
14. 14. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPTEMPERATURE HISTORY
15. 15. LOCATION Billion tons carbon Rocks Oceans Soils Atmosphere (at 360ppm) Vegetation 1015 g = 1 billion tons = 1 gigaton = 1 Pedagram MULTI DIMENSION IMPACT ACCOUNTING 65,000,000 39,000 1,580 750 610 STOCKS OF CARBON
16. 16. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON STOCKS AND FLOWS
17. 17. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON DIOXIDE CONCENTRATIONS
18. 18. In addition to CARBON DIOXIDE, there is also METHANE with the formula CH4 METHANE is a far more potent greenhouse gas (GHG) than CO2 by a factor of more than twenty. MULTI DIMENSION IMPACT ACCOUNTING
19. 19. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPMETHANE CYCLE
20. 20. The industrial revolution has been enabled by fossil fuel energy based on CARBON. Without energy, modern quality of life that we enjoy cannot exist. MULTI DIMENSION IMPACT ACCOUNTING
21. 21. CONUNDRUM / CHALLENGE MULTI DIMENSION IMPACT ACCOUNTING
22. 22. 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
23. 23. We need technology and innovation to come to the rescue! MULTI DIMENSION IMPACT ACCOUNTING
24. 24. Non-carbon energy: Wind Solar Hydro Nuclear MULTI DIMENSION IMPACT ACCOUNTING
25. 25. Best practice for fossil fuels: Carbon capture and sequestration technology (CCS) MULTI DIMENSION IMPACT ACCOUNTING
26. 26. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPCARBON CAPTURE AND SEQUESTRATION
27. 27. Best practice for fossil fuels: Using algae to capture carbon MULTI DIMENSION IMPACT ACCOUNTING
28. 28. MULTI DIMENSION IMPACT ACCOUNTING SunSun BOP Financial Capital Human Capital Man Built Capital Natural Capital Sun SunSun Financial Capital Human Capital Man Built Capital Natural Capital Sun EOPALGAE TO CAPTURE CARBON
29. 29. Least cost power generation in money profit terms results in worst behavior relative to environment. MULTI DIMENSION IMPACT ACCOUNTING
30. 30. When carbon emissions are costed using TrueValue impact standards the decision parameters will be different. MULTI DIMENSION IMPACT ACCOUNTING
31. 31. 1 metric ton of CO2 = 1 EDU 1 metric ton of CH4 = 27 EDUs * EDU is an Environmental Degradation Unit MULTI DIMENSION IMPACT ACCOUNTING
32. 32. 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. A first step is to have a single measure that works for all the elements of NATURAL CAPITAL. MULTI DIMENSION IMPACT ACCOUNTING
33. 33. REMINDER This slideset is A WORK-IN-PROGRESS. It will be upgraded periodically. It is part of a series of more than 50 slidesets. Navigation to all of these is available here: FEEDBACK is welcome. Please email to Peter Burgess peterbnyc@gmail.com with a catchy phrase in the subject line so that it gets attention, and please identify the specific slideset(s) involved. This explanation is version v150801. The most current text is available at: MULTI DIMENSION IMPACT ACCOUNTING http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=txt00010199 http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3
34. 34. THANK YOU Some links and contact information: Peter Burgess peterbnyc@gmail.com Peter Burgess LinkedIn profile https://www.linkedin.com/in/peterburgess1 Link to TrueValueMetrics.org website http://www.truevaluemetrics.org/ Link to navigation to other slides in this series: MULTI DIMENSION IMPACT ACCOUNTING http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3