Efficiency

Slides [link]


Lecture 1

Static efficiency

Required

Response questions

  1. What are the main benefits of reducing particulate matter emissions?
  2. Particulate matter concentrations in the US are 30%-40% lower today than they were 20 years ago (data here). Given that, do you think the marginal benefits of reducing PM by one unit are higher or lower today?
  3. What are the main costs of reducing particulate matter emissions?
  4. Do you think the marginal costs of reducing one unit of PM are higher or lower today, compared to 2000?

Lecture 2

Dynamic efficiency

Response questions

  1. What do you think the most important damages of unmitigated climate change are? (list 1-2) Do you think these effects will primarily be felt now or more so in the future?
  2. What are some of the main costs of mitigating climate change? If serious climate change is to be avoided, will these costs largely be paid now or in the future?

Additional material


Key Points