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Geo-Engineering Insurance: The Cost of Fixing the Sky

If we spray the stratosphere to cool the planet, who pays for the drought in the next country? We analyze the market for planetary-scale liability.

Cover illustration for Geo-Engineering Insurance: The Cost of Fixing the Sky
Cover illustration for Geo-Engineering Insurance: The Cost of Fixing the SkyMoneyExplain Financial Journal
In This Article
  1. The Lead
Dispatch Notes

A mechanism-first read designed for readers who want institutional context, not just headlines.

The Lead

'Solar Radiation Management' (SRM)—injecting aerosols into the stratosphere to mimic a volcanic eruption—is the cheapest way to cool the Earth. It is also the most dangerous. We analyze the 'Liability Gap'—if one nation's geo-engineering project triggers a famine in another, who pays? We explore the birth of 'Planetary-Scale Insurance' and why geo-engineering is the ultimate tail-risk for the global financial system.

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