1 CEE 340: Energy and Global Environment Fall 2022 Due: Oct 31, 2022, at 2:00 PM U.S. Central time Homework #5 (Project 2 Proposal, Investments, Valuation): 100 points 1. Project 2 Proposal (to be completed with your Project 2 group). Write a proposal describing your intended Project 2 topic. The proposal should be approximately 1 single-spaced page, with double spacing between paragraphs. In the proposal, describe the following: a. The high-level topic and why a comparison is needed, b. The 2 engineered systems you will compare, c. The comparison criteria you will use, and d. A basic schedule showing specific analysis milestones. (50 points) 2. Energy Efficiency Investments (to be completed individually). You are considering an energy-efficient refrigerator that costs $799, compared with a less-efficient refrigerator that costs $679. a. If you keep the refrigerator for 13 years, how much would you need to save in electricity costs each year to justify buying the energy-efficient refrigerator? Assume r
= 0.06. b. For an average residential cost of electricity of $0.11/kWh, approximately how many kWh does the answer to (a) correspond to? c. Residential refrigerators in this price range use 278-442 kWh per year. Is your value from part (b) reasonable? Qualitatively discuss uncertainty considerations. (25 points) 3. Valuation (to be completed individually). Read the attached journal paper: Shindell et al., (2021). “Temporal and spatial distribution of health, labor, and crop benefits of climate change mitigation in the United States.” PNAS
. 118(46), e2104061118. doi:10.1073/pnas.2104061118. Write a half-page, single-spaced summary of the paper, focusing on the authors’ findings related to: a. Health benefits of climate change mitigation, b. Labor benefits of climate change mitigation, and c. Crop benefits of climate change mitigation (25 points) Submit your responses on Canvas. Only one member of your team needs to submit the Project 2 proposal; include all team member names in the proposal document.
