http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2148835

Abstract:      The term ‘geoengineering’ relates to the various strategies
and techniques aimed at containing and, in some cases, reversing the
effects of anthropogenic and other forms of environmental degradation.
These strategies and techniques range from the fairly innocuous to the
highly scientifically and politically controversial. Given the
trans-boundary effect of environmental degradation and the urgency that
this creates, the concerted efforts of the international community are
indispensable to usefully enlist whatever benefits geoengineering is
capable of offering. However, serious obstacles stand in the way of the
international community acting in unison. This paper seeks to outline the
various contentious issues regarding geoengineering that arise in relation
to its ethical, technological, political, and trade-related legal
dimensions. Along with State actors, it is likely that this field of
activity would be highly reliant on market mechanisms to deliver the
technological solutions and capital investment that are necessary. Clear
rules in relation to how these strategies and techniques ought to be
governed are in urgent need. Rules should not be limited to the governance
aspects, but should also provide for the commercial use of
geoengineering.Keywords: geoengineering, climate change mitigation, trade
and geoengineering, governance

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