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Distributional Implications of Geoengineering

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  • Richard S.J. Tol

    (UK Department of Economics, University of Sussex,UK Institute for Environmental Studies and Department of Spatial Economic, Vrije Universiteit, Amsterdam, The Netherlands Tinbergen Institute, Amsterdam, The Netherlands)

Abstract

Greenhouse gas emission reduction is a global public good. The main problem is underprovision, and the inequitable distribution of the impacts of excessive climate change. Geoengineering is a private good with externalities. Individual countries, and indeed medium-sized organizations and companies, can geoengineer unilaterally and impose their preferred climate on others. In this paper, I use the FUND model to illustrate the implications, comparing and contrasting efficient, optimal, and equitable solutions to emission reduction and geoengineering.

Suggested Citation

  • Richard S.J. Tol, 2016. "Distributional Implications of Geoengineering," Working Paper Series 08316, Department of Economics, University of Sussex Business School.
    • Handle: RePEc:sus:susewp:08316
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    File URL: http://www.sussex.ac.uk/economics/documents/wps-83-2016.pdf
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    References listed on IDEAS

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    Cited by:

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    3. Mobin, Mohammadsadegh & Li, Zhaojun & Cheraghi, S. Hossein & Wu, Gongyu, 2019. "An approach for design Verification and Validation planning and optimization for new product reliability improvement," Reliability Engineering and System Safety, Elsevier, vol. 190(C), pages 1-1.
    4. Carolina Isaza Espinosa & Juan Carlos Henao & Santiago Tellez Cañas, 2021. "Disrupción tecnológica, transformación digital y sociedad. Tomo II, Políticas y públicas y regulación en las tecnologías disruptivas," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1281.
    5. Grahame F. Thompson, 2020. "Deal or no deal? Some reflections on the ‘Baker-Thompson rule,’ ‘matching,’ and ‘market design’," Journal of Cultural Economy, Taylor & Francis Journals, vol. 13(5), pages 652-662, September.

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    More about this item

    Keywords

    Climate change; geoengineering; efficiency; equity;
    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

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