19.11.2015

# New Publications

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Heutel, Garth; et al. (2015): Climate Engineering Economics

Heutel, Garth; Moreno-Cruz, Juan; Ricke, Katharine (2015): Climate Engineering Economics. Cambridge, MA (NBER Working Paper Series, 21711).

"This article reviews and evaluates the nascent literature on the economics of climate engineering. [...] 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."

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09.11.2015

# New Publications

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Diakun, Aladdin Tingling (2015): Clearing the Air on 'Geoengineering' and Intellectual Property Rights

Diakun, Aladdin Tingling (2015): Clearing the Air on 'Geoengineering' and Intellectual Property Rights. Towards a framework approach. (Master Thesis)

"To untangle the issue, this paper focuses on patents and trade secrets as the most relevant categories of intellectual property, and develops a framework within which to situate IP-related concerns, specifically as related to direct air capture, ocean iron fertilization, and stratospheric aerosol spraying. The paper shows that there is no a priori 'yes or no' answer to the question of whether IPRs are desirable and appropriate for 'geoengineering.' Rather, the question of whether they ought to be encouraged or discouraged is highly conditional. "

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16.10.2015

# Media

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Nature News: Commercial boost for firms that suck carbon from air

"Two companies expand their extraction plants and line up customers."

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18.08.2015

# New Publications

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Malm, Andreas (2015): Socialism of barbecue, war communism or geoengineering. Some thoughts on choices in a time of emergency

Malm, Andreas (2015): Socialism of barbecue, war communism or geoengineering. Some thoughts on choices in a time of emergency. In Kajsa Borgnäs, Teppo Eskelinen, Johanna Perkiö, Rikard Warlenius (Eds.): The politics of ecosocialism. Transforming welfare. Balsingstoke: Routledge (Routledge explorations in environmental studies), pp. 180–194.

Book chapter on CE. "There is that nagging feeling that a fleet of aeroplanes packed with sulphur is a far more likely scenario than a special Ministry for a Transition to a Low-Carbon Future."

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16.07.2015

# New Publications

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Reynolds, Jesse (2015): An Economic Analysis of Liability and Compensation for Harm from Large-Scale Solar Climate Engineering Field Research. (forthcoming)

Reynolds, Jesse (2015): An Economic Analysis of Liability and Compensation for Harm from Large-Scale Solar Climate Engineering Field Research. (forthcoming). In Climate Law.

"This article offers an economic analysis of the possible interrelated roles of rules, liability, and compensation in the future international regulation of large-scale solar climate engineering field research. Notably, the benefits, risks, and incentives of climate engineering research are unlike typical risky activities, including other development risks."

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15.07.2015

# New Publications

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Factor, Simon (2015): The Experimental Economy of Geoengineering

Factor, Simon (2015): The Experimental Economy of Geoengineering. In Journal of Cultural Economy, pp. 1–16. DOI 10.1080/17530350.2015.1039459.

"To grasp what is at stake in such questions, this paper traces out the marginal history of ocean geoengineering, its correlative ‘green’ economy, and through the deployment of algae as an inventive world-remaking device, their co-formation of the earth as a site of unbounded experimentation – of what I call experiment earth. My argument here is that such methods of geoengineering inject disturbances into the algae-ocean-earth system that do not seek control, but to elicit surprise and explicate the mechanisms of the complex permutations of their unpredictability, where new forms of knowledge and value are created not through the application of preconceived ideas or a process of commensuration, but through the harnessing of anticipation and the generation of surprise."

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13.07.2015

# New Publications

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Heutel, Garth; et al. (2015): Solar Geoengineering, Uncertainty, and the Price of Carbon

Heutel, Garth; Cruz, Juan Moreno; Shayegh, Soheil (2015): Solar Geoengineering, Uncertainty, and the Price of Carbon. In National Bureau of Economic Research Working Paper Series No. 21355. DOI 10.3386/w21355.

"We consider the socially optimal use of solar geoengineering to manage climate change. Solar geoengineering can reduce damages from atmospheric greenhouse gas concentrations, potentially more cheaply than reducing emissions. If so, optimal policy includes less abatement than recommended by models that ignore solar geoengineering, and the price of carbon is lower."

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25.06.2015

# New Publications

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Moreno-Cruz, Juan B. (2015): Mitigation and the geoengineering threat

Moreno-Cruz, Juan B. (2015): Mitigation and the geoengineering threat. In Resource and Energy Economics 41, pp. 248–263. DOI 10.1016/j.reseneeco.2015.06.001.

"This paper examines the economic issues introduced when geoengineering becomes available in a standard model where strategic interaction leads to suboptimal mitigation. Geoengineering introduces the possibility of technical substitution away from mitigation, but it also affects the strategic interaction across countries: mitigation decisions directly affect geoengineering decisions."

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14.06.2015

# New Publications

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Aaheim, Asbjørn; et al. (2015): An economic evaluation of solar radiation management

Aaheim, Asbjørn; Romstad, Bård; Wei, Taoyuan; Kristjánsson, Jón Egill; Muri, Helene; Niemeier, Ulrike; Schmidt, Hauke (2015): An economic evaluation of solar radiation management. In The Science of the Total Environment 532, pp. 61–69. DOI 10.1016/j.scitotenv.2015.05.106.

"This paper addresses the economic impacts of implementing two SRM technologies; stratospheric sulfur injection and marine cloud brightening. By the use of a computable general equilibrium model, we estimate the economic impacts of climatic responses based on the results from two earth system models, MPI-ESM and NorESM."

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08.06.2015

# New Publications

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Heyen, Daniel (2015): Five Essays in the Economics of Climate Engineering, Research, and Regulation under Uncertainty

Heyen, Daniel (2015): Five Essays in the Economics of Climate Engineering, Research, and Regulation under Uncertainty. Dissertation. Ruprecht-Karls-Universität, Heidelberg. Economy and Social Sciences.

"This thesis revolves around two of the most prominent strategies for tackling environmental problems. One is technological innovation with a focus on Climate Engineering technologies, mostly Solar Radiation Management (SRM) (Crutzen 2006; Keith 2013). The other is regulatory decision-making under fundamental uncertainty. Research and learning are intimately linked with both strategies, thus playing a connecting role in this dissertation."

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