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Strategic dimensions of solar geoengineering: economic theory and experiments

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  • Heyen, Daniel
  • Tavoni, Alessandro

Abstract

Solar geoengineering denotes a set of technologies that would enable a fast and relatively cheap global temperature reduction. Besides potential physical side-effects, a major concern is the strategic dimension: Who is going to use solar geoengineering and how would it affect others? How does the presence of solar geoengineering change the strategic incentives surrounding other climate policy instruments such as mitigation? We review the existing theoretical and experimental contributions to those questions and outline promising lines of future economic research.

Suggested Citation

  • Heyen, Daniel & Tavoni, Alessandro, 2024. "Strategic dimensions of solar geoengineering: economic theory and experiments," LSE Research Online Documents on Economics 124448, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:124448
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    File URL: http://eprints.lse.ac.uk/124448/
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    References listed on IDEAS

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    1. Carola Braun & Christine Merk & Gert Pönitzsch & Katrin Rehdanz & Ulrich Schmidt, 2018. "Public perception of climate engineering and carbon capture and storage in Germany: survey evidence," Climate Policy, Taylor & Francis Journals, vol. 18(4), pages 471-484, April.
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      • Barrett, Scott & Lenton, Timothy M. & Millner, Antony & Tavoni, Alessandro & Carpenter, Stephen & Anderies, John M. & Chapin, F. Stuart & Crépin, Anne-Sophie & Daily, Gretchen & Ehrlich, Paul & Folke,, 2014. "Climate engineering reconsidered," LSE Research Online Documents on Economics 58139, London School of Economics and Political Science, LSE Library.
      • Barrett, S. & Lenton, T.M. & Millner, A. & Tavoni, A. & Carpenter, S.R. & Anderies, J.M. & Chapin III, F.S. & Crépin, A.S. & Daily, G. & Ehrlich, P. & Folke, C. & Galaz, V. & Hughes, T.P. & Kautsky, N, 2014. "Climate engineering reconsidered," Other publications TiSEM 880b526e-6ba9-4e48-8463-1, Tilburg University, School of Economics and Management.
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    5. Heyen, Daniel & Horton, Joshua & Moreno-Cruz, Juan, 2019. "Strategic implications of counter-geoengineering: Clash or cooperation?," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 153-177.
    6. Anthony R. Harding & Katharine Ricke & Daniel Heyen & Douglas G. MacMartin & Juan Moreno-Cruz, 2020. "Climate econometric models indicate solar geoengineering would reduce inter-country income inequality," Nature Communications, Nature, vol. 11(1), pages 1-9, December.
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    More about this item

    Keywords

    climate policy; experiments; political economy; public goods; solar geoengineering; strategic interaction;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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