IDEAS home Printed from https://ideas.repec.org/p/sus/susewp/08316.html
   My bibliography  Save this paper

Distributional Implications of Geoengineering

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sussex.ac.uk/economics/documents/wps-83-2016.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. P. J. Irvine & R. L. Sriver & K. Keller, 2012. "Tension between reducing sea-level rise and global warming through solar-radiation management," Nature Climate Change, Nature, vol. 2(2), pages 97-100, February.
    2. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    3. Naomi Vaughan & Timothy Lenton, 2011. "A review of climate geoengineering proposals," Climatic Change, Springer, vol. 109(3), pages 745-790, December.
    4. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    5. Moreno-Cruz, Juan B., 2015. "Mitigation and the geoengineering threat," Resource and Energy Economics, Elsevier, vol. 41(C), pages 248-263.
    6. Scott Barrett, 2009. "The Coming Global Climate-Technology Revolution," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 53-75, Spring.
    7. 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.
    8. S.C. Littlechild & G.F. Thompson, 1977. "Aircraft Landing Fees: A Game Theory Approach," Bell Journal of Economics, The RAND Corporation, vol. 8(1), pages 186-204, Spring.
    9. Scott Barrett, 2008. "The Incredible Economics of Geoengineering," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(1), pages 45-54, January.
    10. Scott Barrett, 2014. "Solar Geoengineering’s Brave New World: Thoughts on the Governance of an Unprecedented Technology," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 249-269.
    11. Johannes Urpelainen, 2012. "Geoengineering and global warming: a strategic perspective," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 12(4), pages 375-389, November.
    12. Marlos Goes & Nancy Tuana & Klaus Keller, 2011. "The economics (or lack thereof) of aerosol geoengineering," Climatic Change, Springer, vol. 109(3), pages 719-744, December.
    13. Fragnelli, Vito & Marina, Maria Erminia, 2010. "An axiomatic characterization of the Baker-Thompson rule," Economics Letters, Elsevier, vol. 107(2), pages 85-87, May.
    14. David G. Victor, 2008. "On the regulation of geoengineering," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(2), pages 322-336, Summer.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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).
    2. Sungwook Yoon & Jihyun Kim & Sukjae Jeong, 2017. "The Optimal Decision Combination in Semiconductor Manufacturing," Sustainability, MDPI, vol. 9(10), pages 1-19, October.
    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, October.
    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.

    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. Richard S.J. Tol, 2016. "Distributional Implications of Geoengineering," Working Paper Series 8316, Department of Economics, University of Sussex.
    2. Todd Sandler, 2018. "Collective action and geoengineering," The Review of International Organizations, Springer, vol. 13(1), pages 105-125, March.
    3. Muhammet A. Bas & Aseem Mahajan, 2020. "Contesting the climate," Climatic Change, Springer, vol. 162(4), pages 1985-2002, October.
    4. 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.
    5. Moreno-Cruz, Juan B. & Smulders, Sjak, 2017. "Revisiting the economics of climate change: the role of geoengineering," Research in Economics, Elsevier, vol. 71(2), pages 212-224.
    6. Johannes Emmerling & Massimo Tavoni, 2017. "Quantifying Non-cooperative Climate Engineering," Working Papers 2017.58, Fondazione Eni Enrico Mattei.
    7. 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.
    8. 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.
    9. Timo Goeschl & Daniel Heyen & Juan Moreno-Cruz, 2013. "The Intergenerational Transfer of Solar Radiation Management Capabilities and Atmospheric Carbon Stocks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(1), pages 85-104, September.
    10. Heyen, Daniel, 2015. "Strategic Conflicts on the Horizon: R&D Incentives for Environmental Technologies," Working Papers 0584, University of Heidelberg, Department of Economics.
    11. 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.
    12. 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.
    13. repec:awi:wpaper:540 is not listed on IDEAS
    14. 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).
    15. Baran Doda, 2014. "Why is geoengineering so tempting?," GRI Working Papers 170, Grantham Research Institute on Climate Change and the Environment.
    16. 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.
    17. Seth D. Baum & Timothy M. Maher & Jacob Haqq-Misra, 2013. "Double catastrophe: intermittent stratospheric geoengineering induced by societal collapse," Environment Systems and Decisions, Springer, vol. 33(1), pages 168-180, March.
    18. Detlef Vuuren & Elke Stehfest, 2013. "If climate action becomes urgent: the importance of response times for various climate strategies," Climatic Change, Springer, vol. 121(3), pages 473-486, December.
    19. 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.
    20. Piergiuseppe Pezzoli & Johannes Emmerling & Massimo Tavoni, 2023. "SRM on the table: the role of geoengineering for the stability and effectiveness of climate coalitions," Climatic Change, Springer, vol. 176(10), pages 1-21, October.
    21. Tommi Ekholm & Hannele Korhonen, 2016. "Climate change mitigation strategy under an uncertain Solar Radiation Management possibility," Climatic Change, Springer, vol. 139(3), pages 503-515, December.

    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

    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:sus:susewp:08316. 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: University of Sussex Business School Communications Team (email available below). General contact details of provider: https://edirc.repec.org/data/ecsusuk.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.