Andrew, Stephen cc list 

1. Thanks to Andrew for alerting us to this paper. I think the best I have seen 
combining Policy, Geoengineering and Economics. At first, it looks exceedingly 
complex, but after decoding the (new-to-me) nomenclature, not bad. A well 
written paper. 

2. Stephen - I concur with your statement. But wonder whether you include the 
CDR suite in your term "CO2 reduction". They use the term "mitigation" - which 
seems to have been meant to include "CDR". They said (p 3, para 2) 
" Mitigation reduces emissions and the stock of GHGs, which allows a larger 
flow of outgoing radiation and eases the pressure on temperature to rise. " 


Ron 



----- Original Message ----- From: Stephen Salter To: 
[email protected] Sent: Wed, 05 Jun 2013 10:07:37 -0000 (UTC) 
Subject: Re: [geo] Mitigation and Solar Radiation Management in Climate Change 
Policies by Vasiliki Manousi , Anastasios Xepapadeas :: SSRN 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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