https://osf.io/preprints/socarxiv/ebwqn/

*Whose climate intervention?Solar geoengineering, fractions of capital, and
hegemonic strategy*

Kevin Surprise, J. P. Sapinski

Abstract

Proposals for slowing climate change by reflecting sunlight back to space,
known as solar geoengineering (SG), are gaining traction in climate policy.
Given SG’s capacity to slow warming without reducing carbon emissions,
prominent criticism suggests that it will enable fossil fueled
business-as-usual. This assessment is not without merit, yet the primary
funders of SG research do not emanate from fossil capital. We analyze
sources of funding for SG research, finding close ties to financial and
technological capital as well as a number of billionaire philanthropists.
These corporate sectors and associated philanthropies comprise part of
“climate capital” – the fraction of the capitalist class aligned with
climate action. We argue that SG is being positioned as a tactic for
enabling incremental, market-driven decarbonization, explore key
institutions advocating this approach in US climate policy, and conclude
that SG is poised to serve as a tool for class compromise between fossil
and climate capital.

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