IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/124448.html
   My bibliography  Save this paper

Strategic dimensions of solar geoengineering: economic theory and experiments

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/124448/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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.
    2. Martin L. Weitzman, 2015. "A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering," Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(4), pages 1049-1068, October.
    3. Scott Barrett & Timothy M. Lenton & Antony Millner & Alessandro Tavoni & Stephen Carpenter & John M. Anderies & F. Stuart Chapin & Anne-Sophie Crépin & Gretchen Daily & Paul Ehrlich & Carl Folke & Vic, 2014. "Climate engineering reconsidered," Nature Climate Change, Nature, vol. 4(7), pages 527-529, July.
      • 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.
    4. Garth Heutel & Juan Moreno-Cruz & Katharine Ricke, 2016. "Climate Engineering Economics," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 99-118, October.
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muhammet A. Bas & Aseem Mahajan, 2020. "Contesting the climate," Climatic Change, Springer, vol. 162(4), pages 1985-2002, October.
    2. 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.
    3. Juan Moreno-Cruz & Anthony Harding, 2022. "A Unifying Theory of Foreign Intervention in Domestic Climate Policy," CESifo Working Paper Series 10172, CESifo.
    4. Heutel, Garth & Moreno-Cruz, Juan & Shayegh, Soheil, 2018. "Solar geoengineering, uncertainty, and the price of carbon," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 24-41.
    5. Rickels, Wilfried & Quaas, Martin F. & Ricke, Katharine & Quaas, Johannes & Moreno-Cruz, Juan & Smulders, Sjak, 2020. "Who turns the global thermostat and by how much?," Energy Economics, Elsevier, vol. 91(C).
    6. Finus, Michael & Furini, Francesco, 2023. "Global climate governance in the light of geoengineering: A shot in the dark?," Journal of Environmental Economics and Management, Elsevier, vol. 122(C).
    7. Manoussi, Vassiliki & Xepapadeas, Anastasios & Emmerling, Johannes, 2018. "Climate engineering under deep uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 207-224.
    8. Benjamin K. Sovacool & Chad M. Baum & Sean Low, 2022. "Determining our climate policy future: expert opinions about negative emissions and solar radiation management pathways," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 27(8), pages 1-50, December.
    9. Todd Sandler, 2018. "Collective action and geoengineering," The Review of International Organizations, Springer, vol. 13(1), pages 105-125, March.
    10. Adrien Fabre & Gernot Wagner, 2020. "Availability of risky geoengineering can make an ambitious climate mitigation agreement more likely," Palgrave Communications, Palgrave Macmillan, vol. 7(1), pages 1-4, December.
    11. Michael Finus & Francesco Furini, 2022. "Global Climate Governance in the Light of Geoengineering: A Shot in the Dark?," Graz Economics Papers 2022-02, University of Graz, Department of Economics.
    12. Irina Bakalova & Mariia Belaia, 2023. "Stability of Efficient International Agreements on Solar Geoengineering," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(3), pages 673-712, November.
    13. Elnaz Roshan & Mohammad M. Khabbazan & Hermann Held, 2019. "Cost-Risk Trade-Off of Mitigation and Solar Geoengineering: Considering Regional Disparities Under Probabilistic Climate Sensitivity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 263-279, January.
    14. Johannes Emmerling & Vassiliki Manoussi & Anastasios Xepapadeas, 2016. "Climate Engineering under Deep Uncertainty and Heterogeneity," Working Papers 2016.52, Fondazione Eni Enrico Mattei.
    15. Michael Mugarura & Wolfgang Stümer & Karsten Dunger & Andreas Bolte & Matt Ramlow & Emmanuel Ackom & Steffi Röhling, 2021. "Ascription of the differences between Germany and Uganda’s Land Use, Land-Use Change, and Forestry sector greenhouse gas methodologies for inventory improvement," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 26(6), pages 1-30, August.
    16. Heutel, Garth & Moreno-Cruz, Juan & Shayegh, Soheil, 2016. "Climate tipping points and solar geoengineering," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 19-45.
    17. Ahlvik, Lassi & Iho, Antti, 2018. "Optimal geoengineering experiments," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 148-168.
    18. Ryo Moriyama & Masahiro Sugiyama & Atsushi Kurosawa & Kooiti Masuda & Kazuhiro Tsuzuki & Yuki Ishimoto, 2017. "The cost of stratospheric climate engineering revisited," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(8), pages 1207-1228, December.
    19. Lorraine Whitmarsh & Dimitrios Xenias & Christopher R. Jones, 2019. "Framing effects on public support for carbon capture and storage," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-10, December.
    20. Heyen, Daniel, 2015. "Strategic Conflicts on the Horizon: R&D Incentives for Environmental Technologies," Working Papers 0584, University of Heidelberg, Department of Economics.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:124448. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.