Climate Engineering Economics

Garth Heutel, Juan Moreno-Cruz and Katharine Ricke

No 21711, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This article reviews and evaluates the nascent literature on the economics of climate engineering. The literature distinguishes between two broad types of climate engineering: solar radiation management and carbon dioxide removal. We review the science and engineering characteristics of these technologies and analyze the implications of those characteristics on economic policy design. We discuss optimal policy and carbon price, inter-regional and inter-generational equity issues, strategic interaction in the design of international environmental agreements, and the sources of risk and uncertainty surrounding these technologies. Along with mitigation and adaptation, climate engineering technologies can be incorporated into future domestic and global climate policy design. More research on the topic is needed.

JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-ene and nep-env
Note: EEE
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Citations: View citations in EconPapers (1)

Published as Garth Heutel & Juan Moreno-Cruz & Katharine Ricke, 2016. "Climate Engineering Economics," Annual Review of Resource Economics, vol 8(1).

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Journal Article: Climate Engineering Economics (2016)
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