{"419111":{"#nid":"419111","#data":{"type":"news","title":"Juan Moreno-Cruz Published in Resource and Energy Economics","body":[{"value":"\u003Cp\u003E\u003Ca href=\u0022http:\/\/www.econ.gatech.edu\/people\/faculty\/cruz_1\u0022\u003EDr. Juan Moreno-Cruz\u003C\/a\u003E, Assistant Professor of Economics, recently published in \u003Cem\u003EResource and Energy Economics\u003C\/em\u003E. The paper, titled \u0022Mitigation and the Geoengineering Threat,\u0022 introduces geoengineering in a strategic framework with asymmetric countries. It shows how solar geoengineering technologies, such as increasing the reflectiveness of Earth\u0027s atmosphere, alter the incentives to do mitigation.\u0026nbsp; Contrary to what is commonly found in the literature, this paper shows that \u0022the prospect of geoengineering can induce inefficiently high levels of mitigation.\u0022\u003C\/p\u003E\u003Cp\u003ERecent scientific advances have introduced the possibility of engineering the climate system to lower ambient temperatures without lowering greenhouse gas concentrations. This possibility has created an intense debate given the ethical, moral and scientific questions it raises. This paper examines the economic issues introduced when geoengineering becomes available in a standard model where strategic interaction leads to suboptimal mitigation. Geoengineering introduces the possibility of technical substitution away from mitigation, but it also affects the strategic interaction across countries: mitigation decisions directly affect geoengineering decisions. With similar countries, Moreno-Cruz finds these strategic effects create greater incentives for free-riding on mitigation, but with asymmetric countries, the prospect of geoengineering can induce inefficiently high levels of mitigation. The entire paper can be viewed \u003Ca href=\u0022http:\/\/www.sciencedirect.com\/science\/article\/pii\/S092876551500038X\u0022\u003Ehere\u003C\/a\u003E.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"Juan Moreno-Cruz\u0027s new paper shows how solar geoengineering technologies, such as increasing the reflectiveness of Earth\u2019s atmosphere, alter the incentives to do mitigation."}],"uid":"27365","created_gmt":"2015-06-29 09:35:23","changed_gmt":"2016-10-08 03:18:49","author":"Jade Hill","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2015-06-29T00:00:00-04:00","iso_date":"2015-06-29T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"230501":{"id":"230501","type":"image","title":"Juan Moreno-Cruz","body":null,"created":"1449243602","gmt_created":"2015-12-04 15:40:02","changed":"1475894903","gmt_changed":"2016-10-08 02:48:23","alt":"Juan Moreno-Cruz","file":{"fid":"197525","name":"juan001websize.jpeg","image_path":"\/sites\/default\/files\/images\/juan001websize_0.jpeg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/juan001websize_0.jpeg","mime":"image\/jpeg","size":27188,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/juan001websize_0.jpeg?itok=ITCaU8AP"}}},"media_ids":["230501"],"groups":[{"id":"1282","name":"School of Economics"}],"categories":[],"keywords":[{"id":"1506","name":"faculty"},{"id":"792","name":"Geoengineering"},{"id":"107601","name":"Juan Moreno-Cruz"},{"id":"130681","name":"mitigation"},{"id":"3734","name":"publish"},{"id":"365","name":"Research"},{"id":"130691","name":"resource and energy economics"},{"id":"167037","name":"school of economics"}],"core_research_areas":[{"id":"39501","name":"People and Technology"}],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EJade Hill\u003C\/p\u003E\u003Cp\u003ECommunications Coordiantor\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:jade.hill@econ.gatech.edu\u0022\u003Ejade.hill@econ.gatech.edu\u003C\/a\u003E\u003C\/p\u003E","format":"limited_html"}],"email":["jade.hill@econ.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}