Currently the Australian Government is aiming to reduce Australia's carbon emissions to 5% below 2000 emissions levels by 2020. Refom'Ls A B C D Emissions change [compared to 2000 10%increase No change 5% 10% redudion levels) by 2020. reduction Total cost tor industries to introduce 0 0.3 1.2 15 relon'n measures [biilions of doiiars] a. If the Government introduced a permit system. resulting in total industry costs being only $100 million, what would be the expected 2020 poiiutions levels compared to 2000 Ieveis? C] Type LT for Less Than. E tor Equal to or GT for Greater Than. b. Consider the agricultural sector is responsible for 16% ofAustralia's carbon emissions. The Government decides to introduce the reform option C. How much would it cost the agricultural sector as a result oi introducing this reform? Assume the cost is directly proportionally to all industries within the Auralian economy. Answer to two decimal places in billions oi dollars. 5 billion (. Consider a biscuit company decides to contribute toward the reduction in carbon emissions. It does so by purchasing $10 million worth of pennils issued by the govemment The company then spends another $8 million on upgrading its manufacturing processes. What is the net oostto society resulting from these decisions? Answer to the nearest whole number in millions ol dollars [with no decimal places). 5 million