Question 1: What is the difference between adaptation and mitigation, as it applies to climate change?
Question 2: What is the difference between a cost-benefit analysis and a cost-effectiveness analysis, as it applies to climate change?
Question 3: What is the elasticity of demand, and how does it apply to a carbon tax?
Question 4: What is the marginal cost of abatement? How does it apply to the comparison between setting a price on carbon and direct regulation?
Question 5: What is the difference between upstream, midstream and downstream carbon taxes?