Global geometric deformations of current algebras as Krichever-Novikov type algebras

We construct algebraic-geometric families of genus one (i.e. elliptic) current and affine Lie algebras of Krichever-Novikov type. These families deform the classical current, respectively affine Kac-Moody Lie algebras. The construction is induced by the geometric process of degenerating the elliptic curve to singular cubics. If the finite-dimensional Lie algebra defining the infinite dimensional current algebra is simple then, even if restricted to local families, the constructed families are non-equivalent to the trivial family. In particular, we show that the current algebra is geometrically not rigid, despite its formal rigidity. This shows that in the infinite dimensional Lie algebra case the relations between geometric deformations, formal deformations and Lie algebra two-cohomology are not that close as in the finite-dimensional case. The constructed families are e.g. of relevance in the global operator approach to the Wess-Zumino-Witten-Novikov models appearing in the quantization of Conformal Field Theory. The algebras are explicitly given by generators and structure equations and yield new examples of infinite dimensional algebras of current and affine Lie algebra type.