Geoengineering. Gernot Wagner

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Table 1.3, go to the third row, which has “L ≻ G ≻ H” as player 1’s preference. The only outcomes are L and G:

1 \ 2 HLG HGL LGH LHG GLH GHL
LGH L G L L G G

      Which one it is depends entirely on whether player 2 prefers L ≻ G or G ≻ L, regardless of how they rank H.

      The big question is why the player preferring L to H might rank L ≻ G ≻ H. If this player ranks L ≻ H strictly because of costs of cutting CO2 emissions, L ≻ G ≻ H will be a very real possibility. G, after all, is cheap. We are immediately back to the moratorium, assuming the world doesn’t want G to win it all. Ban it, and hope to guide climate policy in a productive direction – toward H, that is.

      If that player, however, ranks L ≻ H because they do not believe climate change is a problem worth addressing with aggressive action, L ≻ G ≻ H will be less likely. Why risk G if climate change isn’t all that bad to begin with?

      Now we are in the third scenario: L ≻ H ≻ G. Zoom into the fourth row of Table 1.3 to see where this might lead:

1 \ 2 HLG HGL LGH LHG GLH GHL
LHG L H L L G G

      Let’s simplify the table a bit more to see this logic. We can drop the two columns where G is ranked first, and compare the first four columns for when L ≻ H ≻ G (row four of Table 1.3) to the ones when L ≻ G ≻ H (row three):

1 \ 2 HLG HGL LGH LHG
LGH L G L L
LHG L H L L

      If both players rank L on top, L wins. G doesn’t add much to this calculus. Let’s drop two more columns, to compare players ranking L first to those ranking H first. Now we’re left with exactly four cases:

1 \ 2 HLG HGL
LGH L G
LHG L H

      The first column has two cases leading to L as the outcome. That’s when the player ranking H ≻ L also ranks G last. The game essentially collapses to the prisoner’s dilemma of yore. G doesn’t influence the decision. L wins.

      Almost there. We’re left with two cases.

      If G is ranked below H for those preferring L to H, suddenly, H emerges as the winner. That’s true, even though one player still ranks L ≻ H. Here the “availability of risky [solar] geoengineering can make an ambitious climate mitigation agreement more likely.” That, in fact, is the title of the paper I wrote with then-Ph.D. student Adrien Fabre, arguing just that.36 The title of that paper is worth restating: it’s the mere availability of solar geoengineering that leads to this outcome. Another key word: “risky.” In fact, the riskier is solar geoengineering, the more likely is this outcome.

      That mere availability helps break the prisoner’s dilemma, the free-rider problem. It isn’t a guarantee. But the mere possibility is worth pointing out: If G ranks just below H for either player, G might indeed help induce H. That’s true even though one player still ranks L ≻ H. Assuming G is not just fast and cheap but also highly imperfect – even those ranking L ≻ H still prefer H to G, putting it last – the mere availability of G might prompt otherwise quarreling parties to opt for H.

      All of that is true despite our setup that rigged things against H in the first place. Recall how the weakest-link game setup in Table 1.1 all but guaranteed that L would win.

      Meanwhile,

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