http://reep.oxfordjournals.org/content/early/2014/07/11/reep.reu010.abstract
Abstract

Climate engineering measures are designed to either reduce atmospheric 
carbon concentration (by growing trees or spreading iron in the ocean, for 
example) or directly influence the radiation reaching or leaving the earth 
(by injecting sulfur into the stratosphere or modifying cloud formations, 
for example) to compensate for greenhouse gas–induced warming. The former 
measures are termed carbon dioxide removal (CDR), which we characterize as 
a low-leverage causative approach, and the latter are termed radiation 
management (RM), which we characterize as a high-leverage symptomatic 
approach. There are similarities between CDR and emission control. 
Accordingly, benefit-cost analysis can be used to assess certain CDR 
measures. By contrast, high-leverage RM represents a genuinely new option 
in the climate change response portfolio, at first glance promising 
insurance against fat-tail climate change risks. However, the persistent 
intrinsic uncertainties of RM suggest that any cautious climate risk 
management approach should consider RM as a complement to (rather than a 
substitute for) emission control at best. Moreover, the complexity of the 
earth system imposes major limitations on the ability of research to reduce 
these uncertainties. Thus we argue that a research strategy is needed that 
focuses on increasing our basic understanding of the earth system and 
conducting comprehensive assessments of the risk(s) associated with both 
climate change and the deployment of climate engineering

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