Geoengineering
Neither economical, nor ethical—a risk–reward nexus analysis of carbon dioxide removal
Bibliographic Data
| ID | 12823722 |
|---|---|
| Authors | Turaj Faran (Lund University, corresponding author), Louise Olsson (0000-0001-8353-1074, Lund University) |
| Year | 2018 |
| Volume | 18 |
| Issue | 1 |
| Pages | 63-77 |
| Publication date | 2018-01-04 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Environmental Agreements Politics Law and Economics (JOURNAL) |
| Journal identifiers | ISSN: 1567-9764 • E-ISSN: 1573-1553 |
| Publisher | Springer Science+Business Media (PUBLISHER • DE) |
| DOI | 10.1007/s10784-017-9383-8 |
| OpenAlex | W2782215135 |
| Language | EN |
| Citations received | 8 |
| References cited | 41 |
This article addresses a central debate in combatting climate change: whether we should focus on reducing CO 2 emissions or on removing the emitted CO 2 from the atmosphere. We favor the former by arguing against the economic viability of the carbon dioxide removal (CDR) branch of geoengineering. This is of course not a question of either or, but we argue that the perception of CDR as a viable option reduces the willingness to reduce CO 2 emissions. Using the recently developed approach of risk-reward nexus (RRN) in the economics of innovation, we question the economic viability of CDR. The main argument is simple: if one uses the new framework of RRN in evaluating the innovations involved in the CDR branch of geoengineering, not only does one include more areas of risk but also one has to consider a broader base for distributing the rewards. Consequently, from RRN's point of view, it would be less likely to find investing in CDR economically viable for the investor firms. Although the core argument of the paper concerns the economics of CDR, in a final section the paper tries to show that the economic argument has also ethical implications against relying on CDR
Argument (complex analysis · Economics · Natural resource economics · Nexus (standard · Positive economics · Climate Change and Geoengineering · Climate Change and Health Impacts · Climate Change Policy and Economics · Computer Science
Social fields and natural systems
The Ethics of Geoengineering
Stratospheric aerosol injection may impact global systems and human health outcomes
Biochar as multi-purpose sustainable technology
Fairly sharing 1.5
Equity, justice and the SDGs
Years of global climate change governance research
Limits to climate action - Narratives of bioenergy with carbon capture and storage
Interdisciplinarity and Climate Change
Capital in the Twenty-First Century
Lectures on the History of Political Philosophy
A Short History of Ethics
The Incredible Economics of Geoengineering
Duality in climate science
Paris Agreement climate proposals need a boost to keep warming well below 2 °C
A Short History of Ethics
What Is Political Philosophy?
What Is Political Philosophy?
The Possibility of Naturalism
How are We to Live? Ethics in an Age of Self-Interest
The Instability of Capitalism
Hegel's Critique of Kant
Paradigm Dressed as Epoch
Geoengineering
The Idea of Justice
| Citations per year | 0.89 |
|---|---|
| Citation span | 2017 - 2022 (6) |
| Highly cited | No |