Week 2: ECON 330 Social Cost of Carbon

Week 2: ECON 330 Social Cost of Carbon

Week 2: ECON 330 Social Cost of Carbon

Please note that if you edit your initial response (original post), you will not get credit for the original post. The discussions are set up as “Must post first.”

Read the following resources:
“Evidence of Shared Value for Nature”
“Eight priorities for calculating the social cost of carbon”
Chapter 3: “Markets and Environment”
Answer all of the following questions in your initial response to the topic:
Explain the difference between use and nonuse value, with reference to a particular environmental policy in which you may be interested such as greenhouse gas emissions reductions or endangered species preservation.
What is the social cost of carbon? How is it calculated? How is it used in the evaluation of environmental programs?
Should environmental and natural resource management policies be put to a strict benefit-cost test? Why or why not?

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Reflection: Include a paragraph in the initial response in your own words using microeconomics terminology, reflecting specifically on what you learned from the assignment and how you think you could apply what you learned in the workplace or everyday life.
Your answers should be written in your own words. Don’t use quotes from the articles.

You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates as well as to your instructor.