https://www.sciencedirect.com/science/article/pii/S0272494424000616

*Authors*
Philipp Schoenegger, Kian Mintz-Woo

https://doi.org/10.1016/j.jenvp.2024.102288

*03 April 2024*

*Highlights*
•Informs an important policy issue: dissemination of information about
solar radiation management, a geoengineering option.

•Adopts best practices: includes salience control and content control
conditions in a large-scale, well-powered experiment.

•Tests both stated preferences and behavioural choices.

•Finds no statistically significant effect for moral hazard.

•Uses TOST to find evidence for a null effect.


*Abstract*
Solar radiation management (SRM) may help to reduce the negative outcomes
of climate change by minimising or reversing global warming. However, many
express the worry that SRM may pose a moral hazard, i.e., that information
about SRM may lead to a reduction in climate change mitigation efforts. In
this paper, we report a large-scale preregistered, money-incentivised,
online experiment with a representative US sample (N = 2284). We compare
actual behaviour (donations to climate change charities and clicks on
climate change petition links) as well as stated preferences (support for a
carbon tax and self-reported intentions to reduce emissions) between
participants who receive information about SRM with two control groups (a
salience control that includes information about climate change generally
and a content control that includes information about a different topic).
Behavioural choices are made with an earned real-money endowment, and
stated preference responses are incentivised via the Bayesian Truth Serum.
We fail to find a significant impact of receiving information about SRM
and, based on equivalence tests, we provide evidence in favour of the
absence of a meaningfully large effect. Our results thus provide evidence
for the claim that there is no detectable moral hazard with respect to SRM.

*Source: ScienceDirect *

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