Dear Andrew,

What costs are you including?

Oliver Wingenter

On Dec 12, 2:53 pm, "Andrew Lockley" <[email protected]> wrote:
> John,
>
> As usual, you have come up with very good arguments, with very bad
> supporting evidence!
>
> You need to put $ values on the benefits, and weight the risks for the
> arguments to be seen as hard-nosed business sense (FT), not
> bleeding-heart liberal (Guardian).
>
> That way you can convince the lazy, skeptical and the ostriches!
>
> A
>
> 2008/12/12 John Nissen <[email protected]>:
>
> > Gentlemen,
>
> > Your arguing makes it seem that SRM is terribly expensive.  It is peanuts in
> > relation to its use in saving the Arctic sea ice, which has acted as a
> > global thermostat throughout the Ice Ages until we just broke it.  The signs
> > are that the whole climate system is now heading for a new super-hot state,
> > unless we are careful. Thus the future of civilisation hangs in the
> > balance.  Now can you see that the SRM cost, being no more than a few
> > billion dollars per annum, is peanuts?
>
> > The enormity of the problem we have to face is difficult to grasp.  But for
> > other more tangible benefits of SRM (stratospheric and tropospheric
> > techniques working together or individually) which I compiled for my
> > submission to the Royal Society yesterday:
>
> > SRM in the Arctic can help to save an entire ecosystem for animals and sea
> > creatures, with their food chain having repercussions elsewhere;
> > SRM in the Arctic could restore a way of life for Inuit people.
> > Marine cloud brightening can be used regionally or for particular
> > ecosystems, such as corals.
> > SRM for halting global warming would much reduce the need for extremely
> > expensive adaptation measures.
> > SRM for halting global warming could save millions of lives otherwise lost
> > through the affects of climate change or inability to adapt, regardless of
> > the Arctic sea ice.
> > SRM for halting global warming could prevent a mass extinction event.
> > SRM might be applied in the Antarctic to halt the decline of the WAIS,
> > detachment of ice shelves and ecosystem stress (for penguins, etc.).
> > SRM applied to both Arctic and Arctic might prevent a significant sea level
> > rise this century, and hence avoid mass emigration from low-lying regions,
> > cost of flood defences, etc.
> > SRM for halting global warming would protect oceanic and terrestrial carbon
> > sinks, whose efficacy reduces with temperature.
> > SRM for halting global warming, or perhaps just for mountainous regions,
> > could maintain glaciers and associated water supplies for millions of
> > people, their crops and livestock.
> > SRM and cloud seeding techniques could be combined regionally for reducing
> > droughts or countering desertification.
> > Note that the use of both stratospheric and tropospheric techniques together
> > offer advantages in terms of balancing cost, the targeting of specific
> > regions, reduction of side-effects, etc.
>
> > If these aren't "public good", I don't know what is.  If anybody pays for
> > SRM, it is because they have the public interest - and/or their own survival
> > - at heart.
>
> > If SRM had to be "incentivised", the motives of any funding could be
> > criticised (as you get for ocean iron fertilisation - OIF).  Whereas, at
> > present, any SRM financial support that materialises from the private sector
> > can be seen to be ultruistic and self-preserving, rather than of narrow
> > commercial interest.
>
> > I would see this as a positive advantage of SRM.
>
> > But we need to see ultruistic people with money stepping forward, where
> > governments fear to tread.  Has anybody worked on Bill Gates?  Here's a
> > chance to save the world!
>
> > Cheers,
>
> > John
>
> > ----- Original Message -----
> > From: David Schnare
> > To: Lane, Lee O.
> > Cc: Geoengineering
> > Sent: Friday, December 12, 2008 7:27 PM
> > Subject: [geo] Re: Cap and Trade Haters Recommend Incentivizing Geo
> > Lee:
>
> > Nicely put.  Keep in mind, however, Coase assumes a perfect market for these
> > tradeoffs.  As there is a free-rider problem, I'm not sure the balance
> > between the parties is sufficiently free from market imperfections as to
> > allow an appropriate (government free) trade.  There is also the problem
> > that this is not merely about temperature, but CO2 as well (ocean impacts).
> > Thus, SRM is, at best, only going to deal with the temperature effects,
> > which is to say, those living by the ocean should not pay full price for SRM
> > as it does not deal with the loss of ocean chemistry.
>
> > In this case, those who want carbon emission reduction are not willing to
> > allow anyone to pay for SRM, although a few of them are beginning to put the
> > potential for catastrophic impacts ahead of their desire for carbon
> > emissions reductions at a size that they think would be necessary to prevent
> > the harm.  (e.g., Hansen).
>
> > David.
>
> > On Fri, Dec 12, 2008 at 2:04 PM, Lane, Lee O. <[email protected]> wrote:
>
> >> Dear David and Mike,
>
> >> I wonder about part of this discussion. As Nobel laureate Ronald Coase
> >> pointed out long ago, what are referred to as external costs are more
> >> clearly thought of as negative interactions among various activities. The
> >> doctor's demand for quiet in his consulting room could impose noise control
> >> costs on the nearby factory just as clearly as the noise from the factory
> >> could impose costs on the doctor's practice. (This was, as I recall, an
> >> actual court case cited in the famous Coase article, "The Problem of Social
> >> Cost".)
>
> >> Attempts to categorize some actors as perpetrators and some as victims
> >> miss the whole point. That point is, Coase teaches, that it is the
> >> interaction that causes the costs. Move the doctor's office to another
> >> location or move the factory, and the social cost disappears. Therefore, it
> >> may be possible to reduce these costs by changing the behavior of either of
> >> the actors (or both of them). The policy maker's job is to define the
> >> property rights, or other social rules, so as to minimize the losses that
> >> stem from the negative aspects of some interactions.
>
> >> In the case of climate change, we can reduce the potential harm by keeping
> >> people from building flimsy structures in hurricane-prone areas. And we can
> >> also reduce it by curtailing emissions from coal-fired power plants. Both 
> >> of
> >> these activities are raising the total social costs from climate change. 
> >> The
> >> net cost-minimizing solution is almost certainly to do some of both. Trying
> >> to cast the problem in moral terms does not just cause confusion. It may
> >> lead us to miss less expensive opportunities to reduce the total social 
> >> harm
> >> from climate change.
>
> >> This error seems to me to be one of the main harms likely to spring from
> >> the current tendency to treat near-term greenhouse gas emission controls as
> >> the only tool, or overwhelmingly the preferred tool, for curbing the
> >> potential damage from climate change. This narrow attitude encourages an
> >> under estimate of the potential value of adaptation. Indeed, the neglect of
> >> SRM is, in a real sense, merely an extension of the neglect of adaptation.
>
> >> Thank you both for raising interesting points.
>
> >> Best regards,
>
> >> Lee Lane
>
> >> ________________________________
>
> >> From: [email protected] on behalf of David Schnare
> >> Sent: Fri 12/12/2008 12:26 PM
> >> To: Geoengineering
> >> Subject: [geo] Re: Cap and Trade Haters Recommend Incentivizing Geo
>
> >> Gents:
>
> >> I think you are on the wrong track.  Incentives are intended to change
> >> behavior.  One does not pay victims to continue to be victims.  One pays 
> >> the
> >> perpetrator to quit perpetrating the bad act.  So, one penalizes a person
> >> who lives in the flood plain the increased amount needed in the insurance
> >> pool to pay for his damages when the flood comes.  An incentive to prevent
> >> his home from flooding would be to give him a low cost loan to build above
> >> the flood plain.
>
> >> Hence, who's behavior do you want to alter.  Surely the person living in
> >> the flood plain is not the person who's behavior you want to alter, at 
> >> least
> >> with regard to carbon emissions.  He may suffer the consequences, but he is
> >> not (in the main) the cause of the problem.
>
> >> The correct question is:  Who would make money out of geoengineering, and
> >> is now causing the problem?  Not merely who would benefit from it, but who
> >> would actually have an incentive to create wealth out of it.  That would be
> >> the folks working on planetary scale carbon sequestration.  I don't see
> >> anyone making money out of SRM.  Hence, if you want an incentive for SRM,
> >> you need to link it to something else that will make money.
>
> >> Begin from this point for your discussion.
>
> >> David.
>
> >> On Fri, Dec 12, 2008 at 11:50 AM, John Nissen <[email protected]> 
> >> wrote:
>
> >>        Hi Mike,
>
> >>        Perhaps we should try insurance companies, or even better,
> >> reinsurance.  They are interested in avoiding disasters, however they are
> >> caused.  Does anybody have good contacts?
>
> >>        I have a particular interest in avoiding sea level rise, tidal
> >> surges and high precipitation floods, living by tidal Thames.  Hey, what
> >> about the former mayor, Ken Livingston?  (The new mayor wouldn't be
> >> interested.)
>
> >>        Cheers from Chiswick
>
> >>        John
>
> >>                ----- Original Message -----
> >>                From: Mike MacCracken <mailto:[email protected]>
> >>                To: [email protected] ; Alvia Gaskill
> >> <mailto:[email protected]>
> >>                Cc: Geoengineering <mailto:[email protected]>
> >>                Sent: Friday, December 12, 2008 4:22 PM
> >>                Subject: [geo] Re: Cap and Trade Haters Recommend
> >> Incentivizing Geo
>
> >>                Hi David-Your proposal is just the reason why there is
> >> resistance to geoengineering. The
>
> ...
>
> read more »
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