Climate-contingent Finance, and A Generalized Mechanism for X-Risk Reduction Financing

post by John Nay (john-nay) · 2022-09-26T13:23:07.481Z · LW · GW · 2 comments

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comment by John Nay (john-nay) · 2022-09-26T14:03:12.253Z · LW(p) · GW(p)

Any thoughts on whether (and how) the generalized financing mechanism might apply to any AI Safety sub-problems?

comment by harsimony · 2022-09-26T23:23:27.481Z · LW(p) · GW(p)

I haven't given this a thoroughly read yet, but I think this has some similarities to retroactive public goods funding:

https://harsimony.wordpress.com/2021/07/02/retroactive-public-goods-funding/

https://medium.com/ethereum-optimism/retroactive-public-goods-funding-33c9b7d00f0c

The impact markets team is working on implementing these:

https://impactmarkets.io/

Going by figure 5, I think the way to format climate contingent finance like an impact certificate would be:

  1. 'A' announces that they will award $X in prizes to different project based on how much climate change damage a project averts
  2. 'B' funds different projects (based on how much damage they think each project will avert in the future) in exchange for a percentage of the prize money