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Part D: Climate Policy. Suppose the Canadian government has decided to be proactive in the fight against climate change. In particular, the government has recognized

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Part D: Climate Policy. Suppose the Canadian government has decided to be proactive in the fight against climate change. In particular, the government has recognized that the non-timber values that the forest can procie for carbon sequestration are not being fully utilized within the competitive market for land. The government decides to import a climate policy advisor that has recently graduated form UC Berkeley. Based on his superb training in natural resources economics, he recommends implementing a policy that incentivizes foresters to choose a rotational length that is equal to the optimal rotation length form society's perpective. After running some numbers, the advisor calculates that a site-use taX equal to $100 per parcel of land would incentivize foresters to vhoose a rotational length that is relatively close to the rotation length that maximizes society's NPV of forested land. i. Is the advisors policy a good recommendation? Is society better off with a site-use tax of $100 per land parcel? Explain

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