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Mock CC 2024 Empty Mock Exam 2024

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12 views7 pages

Mock CC 2024 Empty Mock Exam 2024

Uploaded by

thuylinhthanhbinh
Copyright
© © All Rights Reserved
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MOCK CC 2024 empty - Mock exam 2024

Economics of Climate Change (Universiteit van Amsterdam)

Scannen om te openen op Studeersnel

Studeersnel wordt niet gesponsord of ondersteund door een hogeschool of universiteit


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Climate Change Economics (6414M0504Y) Mock Exam

dr. Jantsje Mol

Answer the questions in the spaces provided. If you need more space than is provided, please use
the box on the last page. You can collect 100 points in total. Good luck!

Name:

Student number:

Multiple choice questions (30 points)


(3points) 1. One of the Shared Socioeconomic Pathways in the latest IPCC assessment report is SSP3-7.0. What
does 7.0 in its title stand for?
□ The percentage increase in CO2 concentration by 2100
□ The average global temperature increase by 2100
□ The percentage increase in total GHG concentration by 2100
□ Radiative forcing resulting from the scenario in the year 2100
(3points) 2. According to the WMO, drought is ...
□ A technological disaster
□ A climatological disaster
□ A hydrological disaster
□ A meteorological disaster
(3points) 3. Which of the following is not and argument for economic valuation?
□ Cost-benefit analysis
□ Calculating the right Pigouvian tax
□ To adjust economic growth in national accounts (GDP)
□ Property prices reflect environmental ameneties

(3points) 4. Which of the following statements is true?


□ If the costs of mitigation are lower than the SCC we should accept CO2 emissions
□ If the costs of mitigation are higher than the SCC we should accept CO2 emissions
□ If the costs of mitigation are higher than the SCC we should reduce CO2 emissions
□ If the costs of mitigation are lower than the SCC we should not reduce CO2 emissions

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(3points) 5. What is not an input for the DICE model?


□ Annual emissions of CO2 in megatonnes
□ Atmospheric concentration of CO2 in ppm
□ Ramsey-Koopmans-Cass growth model
□ Total cost of unmitigated climate change
(3points) 6. Trying to estimate climate change costs by using GDP of country A, controlling for population is called
□ Benefit transfer
□ Statistical method
□ Enumerative method
□ Uniformity of price
(3points) 7. Which of the following does not decrease energy intensity?
□ Reduction in demand
□ Behavioral change
□ Reduction in waste
□ Change from coal to natural gas
(3points) 8. The Ramsey rule is a ... approach to determine the social discount rate where ρ stands for ...
□ descriptive, the pure rate of time preference
□ prescriptive, the pure rate of time preference
□ descriptive, the decreasing marginal utility of consumption
□ prescriptive, the decreasing marginal utility of consumption
(3points) 9. A ski-resort pathway is a ... to modelling socio-economic tipping points
□ Machine learning approach
□ Storyline approach
□ Fully quantiative approach
□ Metric-over-threshold approach
(3points) 10. Which of the following policies statements about data viz is true?
□ Pictorial charts are always helpful.
□ A red/green colorscheme can have normative implications.
□ Data visualization is a recent phenomenon.
□ Correlation always leads to causation.

Open Question 1: Climate science (12 points)


(3points) a. Complete the following sentence:
Climate is the joint probability distribution describing the state of the ..., ... and ... systems.

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(5points) b. Briefly describe the IPCC.

(4points) c. List two developments in IPCC reports over the years

Open Question 2: Disasters and Valuation (20 points)


(5points) a. Why might the reported data on economic damages be an issue when we evaluate the impacts of
disasters?

(10points) b. List and succinctly describe two methods to monetize non-market environmental benefits that rely
on revealed preferences.

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(5points) c. What is benefit transfer and why is it important for climate change?

Open Question 3: IAMs and the SCC (18 points)


(9points) a. Nordhaus described four major findings from virtually all Integrated Assessment models in his Nobel
prize acceptance lecture. Succinctly describe three.

(4points) b. What is the effect of most tipping points on the SCC, according to Dietz et al. (2020)?

(5points) c. List five other impacts that are often excluded or incomplete in integrated assessment models (IAMs)
(not tipping points).

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Open Question 4: Climate policy (20 points)


(4points) a. Which part(s) of the Kaya identity have decreased since 1960, according to OurWorldInData?

(10points) b. What is carbon leakage, and why is it problematic for the EU-ETS? Which two solutions have been
proposed to prevent carbon leakage?

(6points) c. Why is is hard to evaluate the impact of EU-ETS?

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Extra space for answers

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