Assignment task: An economic think tank based in London is exploring ways that world governments can limit global temperature rise (below 2 °C over the next century) without changing the way we create energy or our reliance on fossil fuels like coal, oil, and natural gas. The think tank believes that moving away from fossil fuels will prove too costly for human civilization. Instead they aim to focus on limiting economic and population growth. They also favor policies to increase the energy efficiency of buildings and transportation. In addition, they would like to invest in carbon removal technologies and change industry practices that contribute to deforestation and methane emissions.
1. Describe the options for Policy Set 2 that you modeled and how well this policy set may achieve the goal of limiting global temperature rise to 2 °C or lower over the next century.
2. Discuss possible drawbacks to the set of policies you modeled.
3. Discuss possible benefits to the set of policies you modeled