Exam 9: The Economics of Climate Change

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The 2016 DICE model estimates a loss of 2.1 percent in global GDP with a 3o C warming by 2100.

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Which of the following constitutes a positive feedback loop for global warming?

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Climate is a short-term phenomenon.

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Which country signed the Kyoto Protocol, but did not ratify this agreement?

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The stated goal of the Paris Climate Agreement, a temperature target of 2o C or less, will result in abatement costs that will be greater than the damage cost at the margin.

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