Greenhouse gas abatement — toward Pareto-optimal decisions under uncertainty

This paper examines the economic logic of integrated assessment — balancing the costs against the benefits of greenhouse gas abatement. Stylized facts are employed in a multiregion computable general equilibrium model with a public good. The percentage shares of global emissions are determined outside the model — based upon some form of international agreement — and emission rights are tradeable between regions. The analysis is confined to Pareto-optimal (cooperative) solutions. We focus on the sensitivity of initial decisions to low-probability, high-consequence scenarios associated with cumulative emissions. For simplicity, there are only two regions, two tradeable goods, two time periods, and two states-of-world. With the particular form of public good model adopted here (production rather than utility function impacts), it turns out that a Pareto-optimal hedging strategy is indepedent of the emission shares allocated to each region. Equity issues may be separated from those of economic efficiency. Similar results extend to cases in which there are additional regions, tradeable goods, time periods, and states-of-world.Presented at the Conference on the Economics of Global Environmental Change, Birmingham University, May 9–11, 1994. This research was funded by the Electric Power Research Institute (EPRI). The views presented here are solely those of the individual authors, and do not necessarily represent the views of EPRI or its members.     

Discovery and high-throughput screening of heteroleptic iridium complexes for photoinduced hydrogen production

The catalytic process of photoinduced hydrogen generation via the reduction of water has been investigated. The use of parallel synthetic techniques has facilitated the synthesis of a 32 member library of heteroleptic iridium complexes that was screened, using high-throughput photophysical techniques, to identify six potential photosensitizers for use in catalytic photoinduced hydrogen production. A Pd/Ni thin film hydrogen selective sensor allowed for rapid quantification of hydrogen produced via illumination of aqueous systems of the photosensitizer, tris(2,2'-dipyridyl)dichlorocobalt ([Co(bpy)(3)]Cl(2)), and triethanolamine (a sacrificial reductant) with ultra-bright light emitting diodes (LEDs). The use of an 8-well parallel photoreactor expedited the investigation of the hydrogen evolution process and facilitated mechanistic studies. All six compounds investigated produced considerably more hydrogen than commonly utilized photosensitizers and had relative quantum efficiencies of hydrogen production up to 37 times greater than that of Ru(bpy)(3)(2+).