Problem
The first set of policies has been proposed by a consortium of fossil fuel companies that would like to see economic and population growth continue to accelerate. These businesses are concerned about the negative economic impacts that may result from imposing a tax on carbon emissions or significant taxes on coal, oil, and natural gas. They also want to avoid replacing fossil fuels with nuclear energy because they believe nuclear energy would outcompete them in the long run. The consortium also notes the global community is reluctant to support policies that would encourage the development of carbon removal and new energy technologies. However, the consortium does support highly subsidizing renewable energy and bioenergy.
1. Describe the options for Policy Set 1 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.