"Had to reference Paul Heyne’s famous essay, “Are Economists Basically Immoral?” Your tl;dr to both questions is no, they are not, but like any group some members can get a bit silly. Once you forgive me for abusively clickbaiting you, I hope you’ll feel fairly compensated if I lay out how the moral hazard argument works in climate change discussions in light of three main intellectual currents: mitigation, adaptation, and geoengineering."

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Lawford-Smith, H.; Currie, A. (2017): Accelerating the carbon cycle: the ethics of enhanced weathering. In Biology letters 13 (4). DOI: 10.1098/rsbl.2016.0859

"We argue that ethical concerns have a place alongside empirical, political and social factors as we consider how to best respond to the critical challenge that anthropogenic climate change poses. We review these concerns, considering the ethical issues that arise (or would arise) in the large-scale deployment of enhanced weathering. We discuss post-implementation scenarios, failures of collective action, the distribution of risk and externalities and redress for damage."

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Lockley, Andrew; Coffman, D’Maris (2016): Distinguishing morale hazard from moral hazard in geoengineering. In Environmental Law Review 18 (3), pp. 194–204. DOI 10.1177/1461452916659830.

"We investigate the definitions and use of the term ‘moral hazard’, and the related (but significantly different) concept of ‘morale hazard,’ in relevant law, economic and insurance literatures. We find that ‘moral hazard’ has been generally misapplied in discussions of geoengineering, which perhaps explains unexpected difficulties in detecting expected effects experimentally."

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"At the forefront of this research is David W. Keith, Gordon McKay Professor of Applied Physics and Professor of Public Policy at Harvard University and president of Carbon Engineering, a Calgary-based technology company developing methods to capture and sequester carbon dioxide. I spoke with him in advance of his February 17th talk at The Long Now Foundation in San Francisco."

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