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Pros and cons of carbon taxes vs. tradable carbon permits

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Reference no: EM133311848

Chapter 12

1. Which group of countries are and will be most affected from climate change?

2. What has 'equity' and 'justice' to do with climate change and responses to climate change?

3. What is wrong with the way we price fossil fuel production and consumption today? Is it an equilibrium price in the sense we teach economics? Why/why not? Think of the economics of externalities in your response.

4. Does the cost of not addressing climate change outweigh the cost of addressing it?

5. What are some of the economic estimates of net job gain vs job loss from greening our economy?

6. Discuss the reasoning, definition and pros and cons of carbon taxes vs. tradable carbon permits.

7. What is Environmental Kuznets Curve hypothesis? What is the evidence for this hypothesis?

8. What kind of economic policies can we adopt to achieve sustainable development? In your answer include a discussion or employment/production/taxes/subsidies/macroeconomic policies.

9. Assigned panel discussions by Dr. Ghosh and Boyce.

(briefly answer it)

Olivier Blanchard, Macroeconomics, Prentice Hall, 8th, 2020.

Reference no: EM133311848

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