Full text pdf on link. Abstract below.

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CGUQFjAA&url=http%3A%2F%2Fsciencepolicy.colorado.edu%2Fadmin%2Fpublication_files%2F2012.15.pdf&ei=XsceUJKRFMGo2wW5w4GQDw&usg=AFQjCNEJBNCE9pkYrpJCTfWfmZGMPde9HQ&sig2=TIYdBBN5dnmVSLaCB6kg5Q

Geoengineering and Moral Hazards

Benjamin Hale

University of Colorado at Boulder

Over the past several years, geoengineering proposals have exploded on the
climate scene, igniting controversy from scientists and policy makers
alike. One prevalent argument against geoengineering proposals stresses the
purported “moral hazard” associated with either their implementation or, in
some cases, the mere plausibility of their successful deployment. A cursory
review of the arguments, however, suggests that there is a good deal of
confusion both about what sorts of activities should qualify as
geoengineering, and what, exactly, the unique moral hazard associated with
geoengineering is. More perplexingly, it’s not even clear whether it
presents a problem. In this paper, I argue that moral hazard arguments
against Geoengineering proposals fail on their face. While moral hazard
arguments ostensibly offer a compelling reason for avoiding geoengineering
altogether, or at least proceeding cautiously, whatever moral hazards we
identify do not present a prima facie reason for altering our approach to
geoengineering. Building on previous work, I proceed first by offering a
working definition of the moral hazard and of geoengineering. I then cycle
through and assess a wide suite of alleged moral hazard concerns. I
conclude by suggesting that there are stronger, more robust, arguments
against geoengineering that lose salience when emphasis is placed on the
alleged moral hazard.

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