Mitigation Research

Advancing Solar Radiation Modification Governance and Research: Strategy Report

Summary

  • What is solar radiation modification (SRM) research and governance, and why is it important?

Solar radiation modification (SRM) refers to a range of hypothetical approaches that would cool the planet by reflecting sunlight and reducing the energy the Earth absorbs. The best-known proposed method is stratospheric aerosol injection (SAI), which would disperse reflective aerosols in the stratosphere. In principle, SAI could be scaled up to cool the Earth by 2-5°C, though each additional increment of aerosol produces diminishing returns and its cooling effects are impermanent.

SRM is the only known approach that could reduce temperatures within a few years of deployment, but it has real limits. For example, it would mask warming rather than remove greenhouse gases, would not reverse problems like ocean acidification, and would involve risks such as ozone depletion in the case of SAI.

SRM research is the scientific work needed to better understand SRM’s potential, limitations, downstream effects, and uncertainties. SRM governance refers to the frameworks and norms that guide this research as well as any decision-making around deployment. Both matter because SRM uncertainty is costly. Over- or underconfidence about its potential could lead to tens of trillions of dollars in avoidable climate damage. Yet SRM remains controversial and underdeveloped, and lacks the governance infrastructure needed to ensure transparent, just decisions.

  • How could efforts to advance SRM governance and research reduce climate damages?

SRM governance and research serve multiple purposes. Governance guards against moral hazard—the risk that interest in SRM research weakens the push to cut emissions—by keeping SRM and mitigation linked. Research reduces the risk of physical harm by building the evidence base needed to understand its effects. Studies suggest that more intensive SRM deployment corresponds to a higher risk of adverse effects, including disrupted precipitation patterns, ozone depletion, and termination shock if deployment were abruptly halted. SRM also carries geopolitical risk, especially with unilateral deployment. Without research and governance, decisions about (non-)deployment would be made without understanding the consequences. Together, governance and research can help ensure decisions about development and (non-)deployment are responsible, just, and transparent.

None of these arguments presume that SRM should be deployed. The aim is to ensure that if a decision is eventually taken, it is taken openly, deliberately, and on the basis of evidence assembled well in advance. Laying the groundwork now would allow resources to be directed toward the questions that matter most and guard against rushed decisions made under crisis conditions and weak oversight.

  • What do our findings suggest are the most promising philanthropic sub-strategies for advancing SRM governance and research? 

Based on our evaluation of scale, feasibility, and funding need, we think the most promising philanthropic sub-strategies to advance SRM governance and research center on opening political pathways for SRM research by engaging key stakeholders, building research governance and coordination infrastructure, and strengthening low- and middle-income countries’ (LMICs) capacity to shape SRM research and governance.

Because SRM carries political risk today, opening political pathways means making SRM research a legitimate, discussable topic. Opening these pathways would create the conditions needed to build the research governance infrastructure SRM currently lacks. Broader global participation would better reflect diverse geographic perspectives and the reality that LMICs are likely to shape future governance and deployment decisions.

  • Is there room for more funding? 

We estimate that efforts to advance SRM research and governance receive approximately $31 million USD in philanthropic funding per year, based on the 2024-2025 average. Total SRM funding from the public sector over the same period averaged around $11.3 million per year. Private sector funding has historically been low but spiked in 2025 with $60 million flowing to a single company. Private funding of SRM is problematic without a governance structure that can ensure SRM serves the public good.

The National Academies of Sciences, Engineering, and Medicine has called for $100 million to $200 million over five years for a national research program in the U.S. alone, suggesting the true global need may be in the hundreds of millions. However, this figure has not been independently corroborated, and we are uncertain whether the field could productively absorb funding at that scale. We base the case for additional funding on three points: 

  1. The scientific and governance uncertainties around SRM are large enough that they merit continued, well-resourced research.
  2. Since SRM research carries real risk, that research needs to be well-governed to ensure it serves the public interest.
  3. Current funding has largely neglected LMICs.

Based on this funding data and reasoning, we think some efforts to advance SRM governance and research are likely underfunded.

  • What are the key uncertainties and open questions? 

It is unclear whether advancing SRM governance and research could inadvertently open the door to unregulated or unilateral deployment, and no consensus yet exists on what would count as sufficient agreement to move toward deployment or halt research altogether. The relationship between governance and research pace is also uncertain, since governance could either accelerate well-governed research by attracting funding, or slow it through added bureaucracy.

  • What is the bottom line and what are the next steps? 

Our central concern is a scenario in which a decision on SRM development and (non-)deployment is made without the research and governance infrastructure needed to prevent adverse outcomes. Funding that enables well-governed research and ensures meaningful participation from LMICs addresses that risk directly. That said, philanthropy should not fill the entire funding gap. SRM research should ultimately function as a public good, led by governments building transparent, cross-disciplinary programs. 

We also believe that philanthropic and public portfolios should focus overwhelmingly on mitigation and adaptation. To align our actions with this belief, we 

  1. Focus our grantmaking portfolio on mitigation, with SRM composing a small fraction of grants
  2. Require grantees applying for funding under this strategy to describe how they minimize moral hazard risks

The findings in this report will inform the grantmaking strategy for the Giving Green Fund and our list of Top Climate Nonprofits. Therefore, donors interested in progressing this work can choose to donate directly to the Giving Green Fund.

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This report was last updated in October 2026.

This is a non-partisan analysis (study or research) and is provided for educational purposes.

Questions and comments are welcome at hello@givinggreen.earth.

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