Moral Hazard: perception of geoengineering as a substitute to mitigation Geoengineering can lead to moral hazard and government’s response will impact geoengineering’s return. Moral hazard is one of the major concerns of geoengineering. This term is often used in the insurance industry where the insured will most likely take on greater risk. It will be worrisome if geoengineering is misconceived as a substitute to mitigation, which means that people can continue to pollute, “avoid reducing growth, and keep up the pace of ‘business as usual’” (Buck, 2012, p.257). Supporters of geoengineering do not foresee the occurrence of moral hazard. They see “reverse moral hazard” in which people will become more motivated to mitigate “if they [see] government …show more content…
If pursuing activities that are ethically and socially beneficial to the society can create a potential profit stream, businesses should engage in those activities. As mentioned before that geoengineering’s profitability is in doubt, if the investment leads to ethical and social issues, it will only make the investment more costly and …show more content…
Rich and powerful countries, which are considered as the major polluters and cause of climate change, will be leaders of geoengineering research. Countries that are vulnerable to the impact of climate change, such as India, “are also those least likely to have caused climate change, are least capable of adapting to it, and have the least input into geoengineering technologies” (Preston, 2013, p. 30). Some considered this as an unreasonable argument because combatting climate change will lead to uneven distribution of cost and benefit, not just geoengineering alone. This is true, however, climate engineering, other than space dimension, involves a time dimension. Unlike mitigation or adaptation, geoengineering could potentially harm future generation. It seems unreasonable and unethical for the current generation to “get away” from climate change while having its children suffer the consequences. Similar to the discussion of how geoengineering’s harm to humans and the environment could affect its return, distributive justice can damage company’s image lead to lawsuits that will increase the cost of
Global Warming, much of what does or does not happen forty years from now rests on our actions or inactions taken between now and then. The crucial question is whether we should pour all our resources into mitigation – reducing our carbon emissions. According to scientists who study the climate there are other environmental problems; “we now face a global crises in land use and agriculture that could undermine the health, security, and sustainability of our civilization”.
"While the Northwest has experienced some unusual weather conditions this year, the effects of these weather conditions were not all unpredictable. Many tragic failures in the Pacific Northwest (and in other parts of the country) can be traced to poor land-use planning decisions. Despite the availability of hazard mitigation information and qualified technical consultants, the information is often ignored and the consultants bypassed as development continues in the flood plains and on unstable hillsides. Often, unwise site selection and ill-conceived site development results in unnecessary exposure to severe natural hazards."
According to the World Bank’s report, climatologists predict greenhouse gases will cause temperatures to rise 7.2 degrees before the next century (par. 8). While the rise in temperature might seem trivial, Scranton elaborates on the detrimental effects this change would cause by quoting James Clapper. Mr. Clapper, the director of national intelligence, argues that extreme weather disasters will “increasingly disrupt food and energy markets, exacerbating state weakness, forcing human migrations, and triggering riots, civil disobedience, and vandalism” (par. 7). Dr. Scranton mentions these sources in order to convince the audience that an increase of only a few degrees can have a devastating impact that will inevitably leave the planet radically different during this epoch; the current epoch we live in, named the Anthropocene, is a term invented by geologist and scientists for the epoch that is “characterized by the arrival of the human species as a geological force” (par. 10). The name of the epoch inspired Scranton to title the article “Learning How to Die in the Anthropocene” since it reaffirms his claim that we must accept that the future will not be the same as the present. Furthermore, Scranton includes a book in his article written by geophysicist David Archer incase readers remain skeptical of the scientific evidence with
...nerations” if things go unregulated. Fortunately science provides policy makers with the information needed to make informed regulations to benefit the future. It seems that environmentalism is becoming the stewardship of the Earth.
Lee, Dwight R. ?To Drill or Not to Drill: Let the Environmentalists Decide.? The Independent Review. Fall 2001.
The author discusses the enticement to political groups because of geoengineering’s alleged potential to reverse global warming rapidly and cheaply, as he presents concern regarding the significant risks and the threat of technology gone wrong. The author looks at the basic authority issues raised by geoengineering, its possible functions, governance, and specifically addresses inadequate research funding, rejection, and unilateral vs individual action. Bodansky is a professor at Arizona State University Sandra Day O 'Connor College of Law and has written three books and dozens of articles and book chapters on international law, international environmental law and climate change policy. This article will be a useful tool in discovering
The clock is ticking! Global Co2 emissions have increased exponentially since the industrialization of today’s developed world. Emissions have now passed the absorptive capacity of the earth and are accumulating in the earth’s atmosphere, warming the surface of the earth and inducing localized climatic changes. Climate change is often a localized issue. Many regions of the world will continue to become hotter, while others may experience highly variable weather patterns. Climate change poses a serious threat to ecosystems, economic sectors, and human welfare. Although almost entirely caused by the developed world, climate change will disproportionally affect the world’s poor.
In conclusion, it is critical to understand that current human activities are accelerating climate change and that the future human activities will affect their trajectories. Because fossil fuel based energy source produce a lot of heat trapping pollution, small changes to our daily activities will reduce human contribution and human behaviour. With these small changes children will be at risk to the exposure of atmospheric carbon dioxide produced by the use of fossil fuels.
Being rich in natural resources, the region contains some of the richest mineral deposits in America (Daugneaux 1981). The coal, timber, oil, gas, and water contained within the Appalachian Mountains are resources that have historically influenced the economic characteristics of the region. The Region's economy has been highly dependent on mining, forestry, agriculture, chemical industries, and heavy industry, among which coal mining appears to be the largest financial contributor to the economy. Although half of the U.S. electricity comes from coal energy, many Americans now precious little about the earth-ravaging mining practice called mountaintop-removal mining used to extract coal in Southern Appalachia. The radical strip-mining process literally blow the tops off mountains with thousands of pounds of explosives to reach thin seams of coal. They then dump millions of tons of rubble and toxic waste into the streams and valleys below the mining sites. The mining poisons drinking water, destroys beautiful forests and wildlife habitat, increases the risk of flooding, and wipes out entire communities. There are four distinctive people groups that are involved in the mountaintop removing process, the coal companies, the Appalachians, environmental groups and the federal court. To fully understand the way natural resources have been understood, used, and allocated, it is important to recognize this diversity. In this paper I will identify the approach to resource management of these four groups in this mountaintop-removal mining case respe...
For these reasons, global warming stands as one of the most daunting policy issues facing our world today. This is compounded by the debate over the very existence of climate change. While countless sources of empirical evidence testify to the very real presence of climate change the world over, considerable denial of the phenomenon still exists. The argument has been made that evidence about climate change is a gross overstatement, or in some cases, a complete fabrication. Despite the evidence to the contrary, many interest groups with considerable political clout have successfully perpetuated the argument that documented changes in the environment are a product of natural cyclical changes in climate, and are not associated with human activities. However, even the acceptance of this particular brand of reality is no grounds for the disregard of environmental consciousness. Even if one accepts the premise that recent climate change is not resultant of human activity, the rationale behind environmental conservation remains ...
61). Moreover, it can also be seen “as presenting us with the largest collective action problem that humanity has ever faced, one that has both intra- and inter-generational dimensions” (Jamieson pg. 61). Thus, climate change will not only affect us but our children, and their children’s children, for generations to come. So is this it? Have we as humans sold our souls to the climate change devil? Is this something that we will always have to deal with and if so then why should we even bother trying to prevent it? Dale Jamieson philosopher and author of the book, Reason in a Dark Time, argues that we have sold our souls to the climate change devil and will be stuck with this problem for eternity. However, just because we are stuck with climate change, Jamieson argues, we should not give up on trying to slow down its effects. In addition to Jamieson the Federal Republic of Germany also believes that we are stuck with climate change and have developed their own solutions to help mitigate the effects. Throughout this paper I will present a descriptive and normative analysis to help address the environmental justice claims that both entities are making. I will then go on to show the instability of Dale Jamieson’s argument in both his descriptive and normative analysis through the development of my own
Every day when looking out a window, people see a beautiful earth. The earth is intriguing, but hinges on a delicate balance. Many natural resources keep the grass green and the sky blue. Man has made quite an impression on our world, and has transformed the earth's resources into tools to make life easy. However, mans' manipulation on earth has become detrimental to the health of our planet and the safety of mankind. Through the use and production of resources such as oil and energy, man is gradually poisoning the earth. Pollution has become such a dilemma in society; there is no real control or a feasible solution to society's recklessness. Without complete change, our system will collapse. The earth will eventually retaliate with disaster, or corporate control of our economy will cause hysteria and depression. Evaluation of the consequences and repercussion of worldwide pollution, may give people a better idea of what the future holds.
Climate change has been an extremely controversial topic in recent history and continues to create much debate today. Many questions concerning climate change’s origins and its potential affect on the globe are not fully understood and remain unanswered. What is climate change? Is climate change happening? Is it a natural cycle of the world or are there other catalysts involved such as human activity? What proof is there? What data correlations show climate change is accelerated by humans? How serious is climate change and how will it affect the future of our globe? What are we doing to address climate change? Should we really be concerned about climate change? Questions such as these have made climate change a very serious issue in today’s world and created the ideology of climatism. The issue of climate change has affected many different aspects of our lives and the world we live in. Policymaking, human activism, technologies, emission control, global warming, alternative energy sources and many other things have been greatly affected by the mania of climate change. This research report will present climate change in a light of common sense and rationality that will take a grounded discussion of the science behind climate change, global warming, human activity, and how the ideology of climatism has corrupted and driven the actions to combat climate change.
The Earth is currently locked in perpetuating spiral of climate change. While the global climate has unarguably been changing since the dawn of it's manifestation, the once steadied ebb and flow of climate change has become increasingly more unpredictable.The risk of rising sea levels, and drought plaguing the fresh water supply, during the time that flooding and sporadic storm conditions turn once fully inhabited regions into uninhabitable death traps. Climate change catalyzed by human's increased production of carbon dioxide, is more noticeable than ever in our recorded history (United States, 2014 National Climate Assessment). Thankfully however, with the changing weather conditions due to carbon related emissions, the change in public opinion about their personalized influence on climate change is also increasing. Kevin Liptak Jethro Mullen, and Tom Cohen note that In reaction to the most recent governmental report on climate change, even the U.S. government believes that a stronger approach needs to be taken to correct our self-generated cataclysm.
...ell as what we have right now. Geo-ethics could also be connected with the environment and the living flora around. By following the rules and protocols in geo-ethics the geology structure and the environment could be preserved despite any activities that are being done by human such as drilling for oil or chopping down trees for paper.