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We get benefits now from the fossil fuels we are burning now, but this releases carbon dioxide that will cause damages long into the future.
We get benefits now from the fossil fuels we are burning now, but this releases carbon dioxide that will cause damages long into the future. What is accurate about this, economically? Group of answer choices The present value of the damages caused by emitting CO2 to the atmosphere now is called the pure rate of time preference, and because this is not included in the cost of the fossil fuels, we do not burn as many fossil fuels as would be economically optimal The present value of the damages caused by emitting carbon dioxide to the air now is the social cost of carbon, and because this is not included in the cost of the fossil fuels, we burn more of them than is economically optimal The bad looks you get from your friends if you come to a party with oil stains on your clothes are the social cost of carbon The present value of the damages caused by emitting carbon dioxide to the air now is the social cost of carbon, and because this is not included in the cost of the fossil fuels, we do not burn as many fossil fuels as would be economically optimal The
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