Geoengineering and the blockchain: a near-complete solution to greenhouse emissions?
Abstract
Geoengineering has been proposed to deal partially with the consequences ofanthropogenic global warming. This is composed of two strands - fast acting,incomplete but inexpensive solar radiation management; and carbon dioxide removal,which (if enacted quickly) has the potential to be a complete solution. We propose asystem of smart contracts, executed and made transparent by the blockchain, toprovide an economically and environmentally complete solution to carbon emissions atthe point of combustion. This will integrate CDR futures contracts and SRM carboncredits to ensure that all emissions are fully and transactionally disposed of at themoment of release. Specifically, we suggest use of an SRM 'bridge' contract, tocounter the warming caused between CDR economic activity being undertaken, andthe resultant drawdown of carbon occurring.
- Publication:
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AGU Fall Meeting Abstracts
- Pub Date:
- December 2016
- Bibcode:
- 2016AGUFMGC33B1239L
- Keywords:
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- 3305 Climate change and variability;
- ATMOSPHERIC PROCESSESDE: 1622 Earth system modeling;
- GLOBAL CHANGEDE: 1630 Impacts of global change;
- GLOBAL CHANGEDE: 6304 Benefit-cost analysis;
- POLICY SCIENCES