In this episode Gernot Wagner explains the concept of Geoengineering and its potential role in preventing climate change. He analyses the implications of Geoengineering from a game theoretic perspective and shows the connection to the game theoretic concept of “moral hazard”.
He also gives some advice on how we can all profit from the (potential) advantages of Geoengineering (and other new technologies), without falling into the “moral hazard trap”.
Gernot Wagner is climate economist at Columbia Business School where his research is focused on climate risks and climate policy. He is also the author of many books about climate change and what to do against it, with “Geoengineering: the Gamble” being his latest one.
Game Changer - the game theory podcast