The government is contemplating to implement actions to prevent climate change. If no action is taken then climate change will happens with a probability of 80% There is a probability of 100%-80% that there will be no climate change. We will not be able to tell if there is climate change until 53 years from today In 53 years, we will know if there is climate change but it would be too late to do anything about it if climate change takes place if there is climate change, then the world will suffer a loss of $19223 a year forever starting in year 53 +1. Scentists say that we can prevent climate change for sure by reducing emissions of CO2 in year 3. The cost of reducing emissions is $847 every year forever starting in year 3+1 Assuming the discount rate is 33.6%, what is the expected value of preventing climate change? (hint: your answer should be a negative number).