Y7

Question 1: You have heard much conversation about the war on climate change. Existing laws in the United states and amongst the biggest polluters have not resulted in a reduction in world temperatures given our carbon footprint has not be reduced sufficiently. A new law and a package of incentives is being introduced around the world that makes the introduction of clean technology more abundant. While the introduction of tax incentives and other measures will cost a lot of money, the benefits of a cleaner world are important as well. Many on the right say that such laws that bring in rules that create potentially a cleaner environment is too expensive on companies and hurts the economy too much. Those who want the cleaner environment want the laws to change, arguing no costs should be spared to get a clean environment as our vary survival depends on it. Please think of a government program (laws and a suite of incentives) that brings about a cleaner environment. Look at the benefits and costs that you think would exist and compare it to the status quo. Then use the tools of CBA to take a position. Identify direct and indirect costs and benefits and use the tools discussed in class to address this issue. Any assumptions need to be stated and costs and benefits can/should be based on sound hypotheticals (though you can use the internet to find data). Which side is right and how will you frame this via a short report to convince a skeptical audience? Give me a short report