The Governance Architecture of Climate Agreements in the Light of Risky Geoengineering

12 Pages Posted: 13 Apr 2022

See all articles by Michael Finus

Michael Finus

University of Graz

Francesco Furini

University of Hamburg - Faculty of Business, Economics, and Social Sciences

Abstract

We analyze how geoengineering, associated with a high risk of collateral damages, affects the governance architecture of climate agreements. We clarify under which conditions signatories to a climate agreement can avoid that non-signatories deploy risky geoengineering. We correct and qualify the results of Millard-Ball (2012): not only must collateral damages be above but also below a threshold such that the threat to deploy geoengineering can stabilize a climate agreement on reducing greenhouse gases.

Keywords: mitigation-geoengineering game, coalition stability, solar radiation management, collateral damages

Suggested Citation

Finus, Michael and Furini, Francesco, The Governance Architecture of Climate Agreements in the Light of Risky Geoengineering. Available at SSRN: https://ssrn.com/abstract=4082787 or http://dx.doi.org/10.2139/ssrn.4082787

Michael Finus (Contact Author)

University of Graz ( email )

Francesco Furini

University of Hamburg - Faculty of Business, Economics, and Social Sciences ( email )

Von-Melle-Park 9
Hamburg, 20146
Germany

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