11. PHYSICAL AND TRANSITION RISKS: Dynamic integrated models of climate and the economy suggest that the cost of avoiding the most harmful effects of climate change is very small compared to the potential future costs a) True b) False 12. PHYSICAL AND TRANSITION RISKS: The depletion of Ozone layer was addressed successfully a) True b) False 13. PHYSICAL AND TRANSITION RISKS: Which GHG reduction mechanism provides a defined limit: a) Taxes on generation or consumption of fossil fuels b) Cap-and-trade system 14. PHYSICAL AND TRANSITION RISKS: Taxes put a price on reducing emissions a) True b) False