Climatic Change

, Volume 119, Issue 3–4, pp 993–1006

Reexamining the economics of aerosol geoengineering

Article

Abstract

In this paper, we extend the work of Goes, Tuana, and Keller (Climatic Change 2011; GTK) by reexamining the economic benefit, of aerosol geoengineering. GTK found that a complete substitution of geoengineering for CO2 abatement fails a cost-benefit test over a wide range of scenarios regarding (i) the probability that such a program would be aborted and (ii) the economic damages caused by geoengineering itself. In this paper, we reframe the conditions under which GTK assumed geoengineering would/could be used. In so doing, we demonstrate that geoengineering may pass a cost-benefit test over a wide range of scenarios originally considered by GTK.

Supplementary material

10584_2012_619_MOESM1_ESM.pdf (57 kb)
ESM 1(PDF 57 kb)

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Copyright information

© Springer Science+Business Media Dordrecht 2012

Authors and Affiliations

  1. 1.Graduate Program in Operations ResearchThe University of Texas at AustinAustinUSA
  2. 2.Graduate Program in Energy and Earth ResourcesThe University of Texas at AustinAustinUSA
  3. 3.Center for International Energy and Environmental PolicyAustinUSA
  4. 4.1 University Station, C2200AustinUSA

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