(i) To comply with the Kyoto Protocol, a country has committed to reduce its emissions of CO2 eq by 10% over the next ten years. The base year is 2020. For this country, a study showed that the majority of the emissions of CO2 eq per GDP is due to automobiles using internal combustion engines. The population is projected to grow by 1.5% per year over the next ten years. However, the economy (measured by the GDP/capita) of the country is very much dependent on the geopolitical environment and trading factors. To estimate the economy (GDP/capita), three growth scenarios were assumed: Low (0.5% growth per year), Medium (2% growth per year) and High (5% growth per year). Using the IPAT equation, estimate for the three scenarios how much improvement or reduction in the emissions of the internal combustion engines will be needed to reduce the CO2 emissions by 10% in 10 years. Hint: One of the equations is F = P(1 + i)n

(i) To comply with the Kyoto Protocol, a country has committed to reduce its emissions of CO2 eq by 10% over the next ten years. The base year is 2020. For this country, a study showed that the majority of the emissions of CO2 eq per GDP is due to automobiles using internal combustion engines. The population is projected to grow by 1.5% per year over the next ten years. However, the economy (measured by the GDP/capita) of the country is very much dependent on the geopolitical environment and trading factors. To estimate the economy (GDP/capita), three growth scenarios were assumed: Low (0.5% growth per year), Medium (2% growth per year) and High (5% growth per year). Using the IPAT equation, estimate for the three scenarios how much improvement or reduction in the emissions of the internal combustion engines will be needed to reduce the CO2 emissions by 10% in 10 years. Hint: One of the equations is F = P(1 + i)n

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section14.2: Achieving Environmental Efficiency

Problem 2.2GE

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