APEC 3611w: Environmental and Natural Resource Economics
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  1. Assignments
  2. Weekly Questions 07
  • Home
  • Syllabus
  • Assignments
    • Assigment 01
    • Assigment 02
    • Assigment 03
    • Weekly Questions 01
    • Weekly Questions 02
    • Weekly Questions 03
    • Weekly Questions 04
    • Weekly Questions 05
    • Weekly Questions 06
    • Weekly Questions 07
  • Final Project
  • 1. Global Context
    • 1. Introduction
    • 2. The Doughnut
  • 2. Micro Foundations
    • 3. The Microfilling
    • 4. Supply and Demand
    • 5. Surplus and Welfare in Equilibrium
    • 6. Optimal Pollution
  • 3. Market Failure
    • 7. Market Failure
    • 8. Externalities
    • 9. Commons
  • 4. Macro Goals
    • 10. The Whole Economy
    • 11. Sustainable Development
    • 12. GDP and Discounting
    • 13. Inclusive Wealth
    • 14. Fisheries
  • 5. Earth Systems
    • 15. Climate Change
    • 16. Social Cost of Carbon
    • 17. Future Scenarios and SSPs
    • 18. Land Use Change
    • 19. Ecosystem Services
    • 20. Ecosystem Services, Hands-On
    • 21. Valuation
  • 6. Earth-Economy Modeling
    • 22. Earth-Economy Modeling
  • Games and Apps
  • Appendices
    • Appendix 01
    • Appendix 02
    • Appendix 03
    • Appendix 04
    • Appendix 05
    • Appendix 06
    • Appendix 07
    • Appendix 08
    • Appendix 09
    • Appendix 10
    • Appendix 11
    • Appendix 12

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  • Weekly Questions 07
  1. Assignments
  2. Weekly Questions 07

Weekly Questions 07

Upload a single answersheet (docx/pdf) to Canvas

Question 1: Rerun the Carbon model, but this time calculate carbon sequestration. This will use lulc_future_willamette.tif. Assume the year for the current LULC map was 2023 and the future LULC was 2050. Assume that the price of Carbon is $187 (based on the $51 per ton of Carbon Dioxide that the Biden administration uses). Assume a discount rate of 0.03 (Jay will talk more about this soon!). Assume an Annual Price Change of 0 What is the total change in carbon between these time periods? Paste the map of carbon storage in your answer.

Question 2: Suppose that the future LULC map represents a policy of allowing logging in the area. Suppose that the value (net present value) of the timber is $50 million dollars. Use the information you’ve generated to make an argument that you could send to a legislator on whether or not this logging policy should be accepted.= Hint: look for a report.html file that is generated in your Workspace directory. Paste the map of net change between the two time steps in your answer. Comment on where there were the biggest differences.

Question 3: Rerun the model with a discount rate low enough where the Timber project is no longer worth doing. Report what discount rate you used and what the net benefit of the Timber Expansion was.