https://www.tandfonline.com/doi/abs/10.1080/09644016.2022.2066285

Climate cooperation in the shadow of solar geoengineering: an experimental
investigation of the moral hazard conjecture

Todd L. Cherry, Stephan Kroll, David M. McEvoy, David Campoverde & Juan
Moreno-Cruz

ABSTRACT

As international efforts to mitigate greenhouse gases continue to fall
short of global targets, the scientific community increasingly debates the
role of solar geoengineering in climate policy. Given the infancy of these
technologies, the debate is not yet whether to deploy solar geoengineering
but whether solar geoengineering deserves consideration and research
funding. Looming large over this discussion is the moral hazard conjecture
– normalizing solar geoengineering will decrease mitigation efforts. Using
a controlled experiment of a collective-risk social dilemma that simulates
the strategic decisions of heterogeneous groups to mitigate emissions and
deploy solar geoengineering, we find no evidence for the moral hazard
conjecture. On the contrary, when people in the experiment are given the
option to deploy solar geoengineering, average investment in mitigation
increases.

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