A large electric utility company releases 60 million tons of greenhouse gases(mostly carbon dioxide) into the environment each year. This company has committed to spending 1.2 billion per year in capital over the next seven years to reduce its annual emissions by 3%. More will be spent after five years to reduce greenhouse gases. What is the implicit cost of a ton of green house gases? If the US produces 3.2 billion tons of greenhouse gases per year, how much capital must be spent to reduce total emissions by 8% per year over the next seven years based on your answer in the first question?

A large electric utility committed to spending S1 2 bill on per year in capital over the next seven years to reduce its annual em ss ons by 3% More will be spent after five years to reduce greenhouse gases further releases 60 million tons of greenhouse gases (mostly carbon dioxide) into the environment each year. This company has a" What is the implicit cost of a ton of greenhouse gas? lf he United States produces 32 bilion tons of greenhouse gases per year, how much capital must be spent to reduce total emissions by 8% per year over your answer in Part (a)? the next seven years based on a. The implicit cost of a ton of greenhouse gas is $ per ton. (Round to the nearest cent.) b. S ] billion must be spent to reduce total emissions by 8% over the next seven years. (Round to two decimal places)