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Climate cooperation in the shadow of solar geoengineering

An Experimental Investigation of the Moral Hazard Conjecture

Bibliographic Data

ID4328626
AuthorsTodd L Cherry (0000-0002-9561-8350, University of Wyoming, corresponding author), Stephan Kroll (Colorado State University), David M Mcevoy (0000-0001-7466-3681, Appalachian State University), David Campoverde (0000-0001-9079-4577, University of Wyoming), Juan Moreno-Cruz (University of Waterloo), Juan Moreno‐cruz (0000-0003-3707-142X, Ifo Institute for Economic Research)
Year2023
Volume32
Issue2
Pages362-370
Publication date2023-02-23
Open AccessNo
TypeARTICLE
VenueEnvironmental Politics (JOURNAL)
Journal identifiersISSN: 0964-4016 • E-ISSN: 1743-8934
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/09644016.2022.2066285
OpenAlexW4225406346
LanguageEN
Citations received7
References cited27

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

Climate change · Dilemma · Economics · Geoengineering · Greenhouse gas · Hazard · Incentive · Looming · Microeconomics · Moral hazard · Natural resource economics · Political science · Climate Change and Geoengineering · Climate Change Policy and Economics · Environmental Science · Law · Psychology · Social Acceptance of Renewable Energy

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    Open Access•B K Sovacool, Chad M Baum et al.•World Development•2024

  • The strategic and governance implications of solar radiation modification

    Open Access•Todd L Cherry, Steffen Kallbekken et al.•Environmental Research Letters•2024

  • Toward an evidence‐informed, responsible, and inclusive debate on solar geoengineering

    Open Access•Edward A Parson, Holly Jean Buck et al.•Wiley Interdisciplinary Reviews…•2024

  • Technology and International Environmental Cooperation

    Florian Rabitz•Global Environmental Politics•2025

  • Climate beliefs, climate technologies and transformation pathways

    Open Access•L Fritz, Chad M Baum et al.•Global Environmental Change•2024

  • Like diamonds in the sky? Public perceptions, governance, and information framing of solar geoengineering activities in Mexico, the United Kingdom, and the United States

    Open Access•Chad M Baum, Peter Enevoldsen et al.•Environmental Politics•2024

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  • Sustaining cooperation in laboratory public goods experiments

    Open Access•Ananish Chaudhuri•Experimental Economics•2011

  • Lab Experiments Are a Major Source of Knowledge in the Social Sciences

    Open Access•Aliya Falk, Armin Falk et al.•Science•2009

  • Knowledge about aerosol injection does not reduce individual mitigation efforts

    Open Access•Christine Merk, Gert Pönitzsch et al.•Environmental Research Letters•2016

  • The Dangers of Mainstreaming Solar Geoengineering

    Open Access•John C Stephens, Prakash Kashwan et al.•Environmental Politics•2023

  • A critical examination of the climate engineering moral hazard and risk compensation concern

    Open Access•Jesse L Reynolds, Jesse Reynolds•The Anthropocene Review•2015

Citations per year2.33
Citation span2023 - 2025 (3)
Highly citedNo

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