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17 Stan. Envtl. L. J. 73 (1998)
Geoengineering: A Climate Change Manhattan Project

handle is hein.journals/staev17 and id is 91 raw text is: Geoengineering: A Climate Change Manhattan Project Jay Michaelson* I. INTRODUCTION ............................................ 74 II. PREVENTING CLIMATE CHANGE THROUGH REGULATION. 81 A. Introduction: Will and Uncertainty .............. 81 B. Climate Change Is an Absent Problem ........... 84 C: Climate Change Is Difficult to Address ........... 87 1. Cost .......................................... 87 2. Equity ........................................ 93 3. Complexity ................................... 95 4. Disagreement ................................ 95 5. Institutional Inefficiency ..................... 97 D. Climate Change Is a Tragedy of the Commons .. 99 E. Summary: Climate Change and Its Regulation... 101 1. Effective Regulation Requires More Will than We Presently Have ............ .............. 101 2. Changing Deep Structures Is Very Difficult .. 102 3. Adapting to Climate Change Is Myopic and Risky ......................................... 103 III. THE POLITICAL ECONOMY OF GEOENGINEERING ........ 105 A. Introduction: A Climate Change Manhattan Project ........................................... 105 B. Geoengineering May Be a Remedial Solution .... 109 C. Geoengineering Is Easier to Implement than Regulation ....................................... 110 1. Cost: Geoengineering Is Cheaper than Regulation ................................... 110 * Joseph Levy & Company, Tel ANiv. J.D., Yale Law School, 1997; BA, Columbia University, 1993. An earlier version of this Article ias auarded the 1997 Ambroze Gherini Prize in international law and policy by Yale Law School. Much of the Article uas written during a postgraduate summer research fellowship %ith the Olin Foundation for Law, Eco- nomics and Public Policy at Yale Law School. I am grateful to the Olin Foundation for its support during the course of the research for this project, as well as to Dan Esty, Frank Loy, Susan Rose-Ackerman, Alan Schwartz, and Carol Rose for revieing earlier drafts of this Article.

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