2016
DOI: 10.1002/2016ef000462
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Solar geoengineering economics: From incredible to inevitable and half‐way back

Abstract: Solar geoengineering technologies are unique in many ways, and the economic incentives they could unleash are just as interesting. Since their introduction as a potential alternative, economists have been intrigued by the potential of these technologies to dramatically alter the way we think about climate policy. As our scientific understanding of the technologies evolve, so does the way economists think about them. In this paper, we document the evolution of economic thinking around these technologies since b… Show more

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Cited by 36 publications
(9 citation statements)
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“…We identify and illustrate challenges and the intrinsic complexity that arises in a comparative assessment of CE. Rather than investigating technical or economic feasibility of the CE methods, which may in the end be additional important factors to account for in an assessment of CE and are discussed, for example, by Klepper and Rickels (), NRC (, ), Harding and Moreno‐Cruz (), Moriyama et al (), and Niemeier and Tilmes (), we focus on studying the simulated Earth system response to a potential deployment of the methods.…”
Section: Introductionmentioning
confidence: 99%
“…We identify and illustrate challenges and the intrinsic complexity that arises in a comparative assessment of CE. Rather than investigating technical or economic feasibility of the CE methods, which may in the end be additional important factors to account for in an assessment of CE and are discussed, for example, by Klepper and Rickels (), NRC (, ), Harding and Moreno‐Cruz (), Moriyama et al (), and Niemeier and Tilmes (), we focus on studying the simulated Earth system response to a potential deployment of the methods.…”
Section: Introductionmentioning
confidence: 99%
“…One prominent vein is interested in the international political dynamics around SRM, forming a body of gametheoretic modeling studies that simulate the strategic actions of states regarding the development or deployment of SRM (Harding and Moreno-Cruz 2016), with implications for some outcome of interest to the study: for example, the formation of coalitions of SRM-capable states in Ricke et al (2013), environmental treaty formation in Millard-Ball (2012), or emission reductions in Urpelainen (2012). These calculations unfold according to some set of covering laws: notably, states are represented as rational, strategic and unitary maximizers of benefits and minimizers of costs, following the concept of a 'homo oeconomicus' imported from microeconomic theory.…”
Section: Deductive Reasoning In Socio-political Inquirymentioning
confidence: 99%
“…Recent reviews have distilled the contributions of economics to the study of solar geoengineering (154)(155)(156). Unlike these earlier reviews, this section deals with aspects related to the governance of geoengineering: optimal policy design, or the normative view of the world and the creation of futures; uncertainty and the risks involved in dealing with new technologies; and inequality and fairness, the study of how heterogeneous outcomes affect decisions by interested parties, with particular attention to the role of the free driver.…”
Section: Economic Frameworkmentioning
confidence: 99%