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Unformatted text preview: determine the degree of risk to a species b. economics matter because in a world of scarce resources, the opportunity costs of species protection in terms of reduced resources for other worthwhile causes must be taken into account for decision making. (Adopt cost-effectiveness approach) c. because economic incentives are critical to shape human behavior and consequently the recovery of a species. Climate Change I 1. Sources of greenhouse-gas emissions a. Energy emissions-Power-Transport-Buildings-Industry-Others b. Non-energy emissions-Agriculture-Land use-Waste 2. A world view a. Goals:-2 degrees centigrade-450 parts per million CO2-20-40% reduction in emissions in 2020 relative to 1990 levels 3. Mitigation, 5 critical economic issues-What are the benefits of abatement?-What are the costs of abatement?-What is the optimal level of abatement?-What is the optimal time path to reach a target?-What policy tools should be employed to reach the target? 4....
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- Spring '07