Climate geoengineering might reduce the economic and ecological impacts of global warming. However, its governance is challenging: since climate preferences vary across countries, excessive climate geoengineering relative to the socially optimal level is a likely risk. Through a laboratory experiment on a public good-or-bad game, we study to which extent side-payments can curb geoengineering efforts and restore efficiency.

Governing climate geoengineering: side-payments are not enough

Abatayo, Anna Lou;Bosetti, Valentina;
2023

Abstract

Climate geoengineering might reduce the economic and ecological impacts of global warming. However, its governance is challenging: since climate preferences vary across countries, excessive climate geoengineering relative to the socially optimal level is a likely risk. Through a laboratory experiment on a public good-or-bad game, we study to which extent side-payments can curb geoengineering efforts and restore efficiency.
2023
2023
Ghidoni, Riccardo; Abatayo, Anna Lou; Bosetti, Valentina; Casari, Marco; Tavoni, Massimo
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4055016
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