Hi All
The word 'cloud' does not appear in this paper.
One policy might be to do as much CO2 reduction as you possibly can and
then use geoengineering to clean up the rest.
Stephen
On 05/06/2013 10:29, Andrew Lockley wrote:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2273439
Mitigation and Solar Radiation Management in Climate Change Policies
Vasiliki Manousi
Anastasios Xepapadeas
Abstract:
We couple a spatially homogeneous energy balance climate model with an
economic growth model which incorporates two potential policies
against climate change: mitigation, which is the traditional policy,
and geoengineering. We analyze the optimal policy mix of
geoengineering and mitigation in both a cooperative and a
noncooperative framework, in which we study open loop and feedback
solutions. Our results suggests that greenhouse gas accumulation is
relatively higher when geoengineering policies are undertaken, and
that at noncooperative solutions incentives for geoengineering are
relative stronger. A disruption of geoengineering efforts at a steady
state will cause an upward jump in global temperature.
Keywords: Climate Change, Mitigation, Geoengineering, Cooperation,
Differential Game, Open Loop - Feedback Nash Equilibrium
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