Global climate governance in the light of geoengineering: A shot in the dark?

Michael Finus and Francesco Furini

Journal of Environmental Economics and Management, 2023, vol. 122, issue C

Abstract: Solar radiation management (SRM), as one form of geoengineering, has been proposed as a last exit strategy to address global warming. Even though SRM is expected to be cheap, it may be risky and associated with high collateral damages. We analyze how SRM affects equilibrium mitigation strategies, the governance architecture of a climate agreement and whether and how signatories to a climate agreement can avoid the deployment of geoengineering, either by all or a subgroup of countries. We show under which conditions the threat to deploy geoengineering can stabilize a large climate agreement.

Keywords: Mitigation-geoengineering game; Solar radiation management; Collateral damages; Climate agreements (search for similar items in EconPapers)
JEL-codes: D71 D74 H41 Q54 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0095069623000724
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:122:y:2023:i:c:s0095069623000724

DOI: 10.1016/j.jeem.2023.102854

Access Statistics for this article

Journal of Environmental Economics and Management is currently edited by M.A. Cole, A. Lange, D.J. Phaneuf, D. Popp, M.J. Roberts, M.D. Smith, C. Timmins, Q. Weninger and A.J. Yates

More articles in Journal of Environmental Economics and Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().