From the Asilomar geoengineering conference, via WorldChanging:
Lesson two: Nobody has any clear idea how to resolve the inequalities inherent in geoengineering. One of the most quoted remarks at the conference came from Pablo Suarez, the associate director of programs with the Red Cross/Red Crescent Climate Centre, who asked during one plenary session, “Who eats the risk?” In Suarez’s view, geoengineering is all about shifting the risk of global warming from rich nations — i.e., those who can afford the technologies to manipulate the climate — to poor nations. Suarez admitted that one way to resolve this might be for rich nations to pay poor nations for the damage caused by, say, shifting precipitation patterns. But that conjured up visions of Bangladeshi farmers suing Chinese geoengineers for ruining their rice crop — a legalistic can of worms that nobody was willing to openly explore.
If geoengineering is a for-profit operation, it presumably also involves the public bearing the risk of private acts, because investors aren’t likely to have an appetite for the essentially unlimited liability.