Chapter 8 Flashcards by Tom Gordon Dalton | Brainscape

Q

Net benefits =

A

total benefits - total costs

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Q

If B-C>0 then…

A

support the action
- but it may not be optimal

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Q

Dynamic efficiency

A

need to maximize net benefits over time
-NPV

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Q

Benefits of emissions are…

A

Instant

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Q

Cost of emissions are a…

A

stock

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Q

If PV(B)> 0

A

Support the policy

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Q

If NPV is positive…

A

support the action

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Q

Carbon free backstop characteristics?

A

doesn’t emit CO2
meets all demand
supply curve is flat (finite)
competes at market saturation
economy is hysteric

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Q

A

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