Question 2 (max 500 words). Consider the features of an ecological transition for C02 (Carbon Dioxide) by using the following diagram Direct 002 content \"2 . m .. Linearfit .. m '__ . sz om'l' .T .8 .9 1 1.1 Income elasticity of direct (:02 content of consumption Log per capila income Draw a theoretical Environmental Kuznets Curve in the appropriate diagram and explain what an Environmental Kuznets hypothesis. (20 MARKS) nIu 'II-IP (ii) Consider any two possible alternative explanations for the emergence of a downward sloping segment of the EKC for C02 in this group of countries as in the diagram above. How would you test the empirical validitl of your alternative explanations for this set of countries? (30 MARKS)