Q4. Option 4. It is the society incurs abatement cost plus costs of damages
Q5. Option 1. It shows the marginal cost of additional reductions in pollution
Q6. Option 3.
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages will decrease Economic damages will increase The optimal temperature goal will decrease Economic damages will be unchanged QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per ton of carbon Dollar value of abatement per ton of carbon Amount paid by taxpayers to offset carbon emissions Amount paid by the government to encourage non-carbon energy sources QUESTION 3...
QUESTION 5 What does the Marginal Abatement Cost function show? O How much it costs to abate an extra unit of carbon O How much it costs to increase temperatures O How much it costs to abate all carbon emissions How much it costs to reduce climate change damages
Question Completion Status: QUESTION 10 What is the elasticity of the marginal utility of consumption? OA measure of future uncertainty A measure of how much richer people value extra consumption A measure of the social discount rate A measure of present value consumption QUESTION 11 Why might gamma discounting make sense? People do not discount at constant rates People do discount at constant rates People do not like the future as much as the present People like the future more...
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because requires us to give up resources in the present Because it reduces the need to adapt All of the above QUESTION 32 Why do individual people discount the future? they think the future will be worse they think the future is worth more than the present they are impatient the present is uncertain QUESTION 33 What do inwestors discount the future? they think investments...
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement All of the above
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions
QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? O Social damage as a function of GDP o social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions
QUESTION 37 If the abatement cost function is very steep, what does that mean for the optimal temperature increase? O. It should be lower It should be higher & if it is expensive to abate, we should abate less and let the temperature rise It should be unchanged It depends on the energy source QUESTION 38 What is the relationship between abatement and climate change damages? As abatement goes up, damages go up As abatement goes up, damages go down...