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Department of Economics

Research seminar: Michael Finus (University of Graz)

Title: "The Governance Architecture of Climate Agreements in the Light of Solar Radiation Management"

  • Date: 16 May 2023 from 12:00 to 13:15

  • Event location: Seminar Room - Piazza Scaravilli, 2 + Microsoft Teams Meeting

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.

The paper is joint with Francesco Furini.

Invited by: Alessandro Tavoni

Local Organizer: Niko Jaakkola

About the speaker