Juan B Moreno-Cruz and David W Keith. (2012). Climate Policy under Uncertainty: 
A Case for Geoengineering. Climatic Change, DOI 10.1007/s10584-012-0487-4.

Available at http://www.springerlink.com/content/l824m4unw0472803/fulltext.pdf
N.B., Almost all my papers are available at 
http://www.keith.seas.harvard.edu/geo.html. Some need a password, but all you 
have to do to get it is to send email to Hollie Roberts at 
[email protected]<mailto:[email protected]>. I also put a bunch of 
video's up on the site including this interview on HardTalk on of the BBC's 
leading interview programs: 
http://www.youtube.com/watch?v=dJTpZgubtPk&feature=youtu.be. See also: 
http://blogs.nature.com/from_the_lab_bench/2012/06/24/the-gatekeepers-of-sunlight


Juan B Moreno-Cruz and David W Keith,
Abstract:
Abstract Solar Radiation Management (SRM) has two characteristics that make it 
useful for managing climate risk: it is quick and it is cheap. SRM cannot, 
however, perfectly offset CO2-driven climate change, and its use introduces 
novel climate and environmental risks. We introduce SRM in a simple economic 
model of climate change that is designed to explore the interaction between 
uncertainty in the climate's response to CO2 and the risks of SRM in the face 
of carbon-cycle inertia. The fact that SRM can be implemented quickly, reducing 
the effects of inertia, makes it a valuable tool to manage climate risks even 
if it is relatively ineffective at compensating for CO2-driven climate change 
or if its costs are large compared to traditional abatement strategies. 
Uncertainty about SRM is high, and decision makers must decide whether or not 
to commit to research that might reduce this uncertainty. We find that even 
modest reductions in uncertainty about the side effects of SRM can reduce the 
overall costs of climate change in the order of 10%.


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