Reexamining the economics of aerosol geoengineering

J. Bickel () and Shubham Agrawal ()

Climatic Change, 2013, vol. 119, issue 3, 993-1006

Abstract: In this paper, we extend the work of Goes, Tuana, and Keller (Climatic Change 2011 ; GTK) by reexamining the economic benefit, of aerosol geoengineering. GTK found that a complete substitution of geoengineering for CO 2 abatement fails a cost-benefit test over a wide range of scenarios regarding (i) the probability that such a program would be aborted and (ii) the economic damages caused by geoengineering itself. In this paper, we reframe the conditions under which GTK assumed geoengineering would/could be used. In so doing, we demonstrate that geoengineering may pass a cost-benefit test over a wide range of scenarios originally considered by GTK. Copyright Springer Science+Business Media Dordrecht 2013

Date: 2013
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DOI: 10.1007/s10584-012-0619-x

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