https://link.springer.com/chapter/10.1007/978-3-030-72372-9_10

Regulating Geoengineering: International Competition and Cooperation


   - Soheil Shayegh,
      - Garth Heutel,
      - Juan Moreno-Cruz
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Abstract

We study international cooperation regarding climate policy when solar
geoengineering is a policy option available to nations. Employing an
analytical theoretical model, we show how the equilibrium levels of
emissions abatement and geoengineering are affected by the level of
cooperation between countries, with more cooperation leading to lower
emissions and more geoengineering. To quantify these results, we modify a
numerical integrated assessment model, DICE, to include solar
geoengineering and cooperation among nations. The simulation results show
that the effect of cooperation on policy depends crucially on whether
damages from geoengineering are local or global. With local damages, more
cooperation leads to more geoengineering, but the opposite is true for
global damages.
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