How do fossil fuel subsidies create market distortions

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Reference no: EM133210044

Questions -

Q1. The discount rate is the rate at which future costs and benefits are "discounted" relative to present costs and benefits. How could the choice of a discount rate affect the results of a cost- benefit analysis of actions to prevent climate change?

Q2. What are the three main differences between the cost-benefit analysis in the Stern report and that in the Nordhaus studies?

Q3. What is a carbon dioxide equivalent?

Q4. Why have fossil fuel subsidies been so difficult to eradicate?

Q5. How do fossil fuel subsidies create market distortions?

Q6. What is a subsidy? What is the difference between a production subsidy and a consumption subsidy?

Q7. What do they mean about possible "economy-wide effects associated with abating greenhouse gasses"?

Reference no: EM133210044

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