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1000
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Abstract/Summary
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Side effects of “solar-radiation management” (SRM) might be perceived as an important metric when society decides on implementing SRM as a climate policy option to alleviate anthropogenic global warming. We generalize cost-risk analysis that originally trades off expected welfare loss from climate policy costs and risks from transgressing climate targets to also include risks from applying SRM. In a first step of acknowledging SRM risks, we represent global precipitation mismatch as a prominent side effect of SRM under long-tailed probabilistic knowledge about climate sensitivity. We maximize a social welfare function for the following three scenarios, considering alternative relative weights of risks: temperature-risk-only, precipitation-risk-only, and equally-weighted both-risks. Our analysis shows that in the temperature-risk-only scenario, perfect compliance with the 2 °C-temperature target is attained for all numerically represented climate sensitivities, a unique feature of SRM, but the 2 °C-compatible precipitation corridor is violated. The precipitation-risk-only scenario exhibits an approximate mirror-image of this result. In addition, under the both-risks scenario, almost 90% and perfect compliance can be achieved for the temperature and precipitation targets, respectively. Moreover, in a mitigation-only analysis, the welfare loss from mitigation cost plus residual climate risks, compared to the no-climate-policy option, is approximately 4.3% (in terms of balanced growth equivalent), while being reduced more than 90% under a joint-mitigation-SRM analysis.
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1000
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Hinweis
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DeepGreen-ID: cf70aad0bdd945ee9b6cce8c15d73a9f ; metadata provieded by: DeepGreen (https://www.oa-deepgreen.de/api/v1/), LIVIVO search scope life sciences (http://z3950.zbmed.de:6210/livivo), Crossref Unified Resource API (https://api.crossref.org/swagger-ui/index.html), to.science.api (https://frl.publisso.de/), ZDB JSON-API (beta) (https://zeitschriftendatenbank.de/api/), lobid - Dateninfrastruktur für Bibliotheken (https://lobid.org/resources/search)
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