There are a couple of forthcoming SRM/CDR papers, which will show that you
get a free CDR 'kicker' on SRM projects. I expect that ocean cooling, NPP,
etc. will play a part in this.

This will potentially result in a slight opportunity / crisis for the
geoengineering community. There's already an established market for carbon
credits, and such papers will show that you can (theoretically at least)
get these credits legitimately, and probably at much lower cost, through
SRM schemes.

We are potentially entering a situation where any entrepreneur with a
fogger or a high altitude balloon can go around offering to make some
carbon credits.

This might lead to a split in the carbon credit market, between 'organic'
(CDR /abatement) and 'factory farmed' (SRM) carbon credits. Some consumers
may not care much about the differences, and others may be unhappy to pay
the extra costs.

This will also lead to a whole set of knock on issues for the SRM
community, like :
*Do we need to worry about lots of small SRM projects?
*How would individual projects be regulated? Nobody wants a burst balloon
in their garden, or their island permanently shrouded in fog.
*How would the sector be regulated in aggregate. We can't risk large scale
effects, such as termination shock, or moving the ITCZ.
*How will the carbon reduction be verified?
*What will happen if CDR figures are later revised downwards? Will buyers
be entitled to a refund?

This potential democratisation of SRM strikes me as one of the most
important developments in the field since its inception. I'd be interested
to hear people's views on the risks / opportunities.

The choice of stance would seem to be as follows :

1) Preemptive campaign for a ban
2) Reactive campaign for a ban
3) Reactive campaign for a temporary embargo
4) Campaign for a limit on total forcing
5) Campaign for a project specific approval and/or verification process
6) Do nothing
7) Establish a non-profit-making 'proof of concept' operator in the market
8) Act as a profit-making entrepreneur

I'd value further discussion and opinions.

Andrew Lockley

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