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Green Moral Hazards

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Summary: The IPCC's Special Report emphasizes the necessity of carbon removal and solar geoengineering to mitigate global warming below 2 degrees Celsius. Despite the potential benefits, there is reluctance due to concerns about moral hazards. The debate over moral hazard in climate policy is deemed unhelpful and misleading, with the authors proposing an alternative framework called risk-response feedback to address tradeoffs.

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