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Availability of risky geoengineering can make an ambitious climate mitigation agreement more likely

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  • Adrien Fabre

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Gernot Wagner

Abstract

Some countries prefer high to low mitigation (H ≻ L). Some prefer low to high (L ≻ H). That fundamental disagreement is at the heart of the seeming intractability of negotiating a climate mitigation agreement. Modelling global climate negotiations as a weakest-link game brings this to the fore: Unless everyone prefers H to L, L wins. Enter geoengineering (G). Its risky and imperfect nature makes it arguably inferior to any country's preferred mitigation outcome. However, absent a global high-mitigation agreement, countries facing disastrous climate damages might indeed wish to undertake it, effectively ranking H ≻ G ≻ L. Meanwhile, those least affected by climate damages and, thus, least inclined to agree to an ambitious mitigation agreement, might be unwilling to engage in risky geoengineering, resulting in L ≻ H ≻ G. With these rankings, all players prefer H to G, and the mere availability of a credible geoengineering threat might help induce an ambitious climate mitigation agreement (H). The analysis here introduces the simplest possible model of global climate negotiations and derives the conditions for this outcome. These conditions may indeed be likely, as long as geoengineering is viewed as a credible albeit risky emergency response given the danger of low mitigation levels.

Suggested Citation

  • Adrien Fabre & Gernot Wagner, 2020. "Availability of risky geoengineering can make an ambitious climate mitigation agreement more likely," PSE-Ecole d'économie de Paris (Postprint) halshs-04363061, HAL.
  • Handle: RePEc:hal:pseptp:halshs-04363061
    DOI: 10.1057/s41599-020-0492-6
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04363061v1
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    1. is not listed on IDEAS
    2. Heyen, Daniel & Tavoni, Alessandro, 2024. "Strategic dimensions of solar geoengineering: Economic theory and experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 112(C).
    3. Finus, Michael & Furini, Francesco, 2023. "Global climate governance in the light of geoengineering: A shot in the dark?," Journal of Environmental Economics and Management, Elsevier, vol. 122(C).
    4. Niklas V. Lehmann, 2022. "Exploring the stability of solar geoengineering agreements," Papers 2210.09145, arXiv.org, revised May 2023.

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