The Economics of Climate Change Santiago Saavedra-Pineda Stanford-SPLASH April 14 th, 2013.

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Presentation transcript:

The Economics of Climate Change Santiago Saavedra-Pineda Stanford-SPLASH April 14 th, 2013

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Outline 1.What is an externality? 2.The hamburguer’s market 3.How will the price of goods raise with a carbon tax?

Price Quantity Q0Q0 Supply Demand Tax Q1Q1 t+P 1 P1P1 P0P0

Sample Carbon footprint Hamburgers ___20___ CO2e emissions per hamburger 6.5 lbs/hmb Total _20x6.5=130lb__ Electricity Consumed __940____ kWh CO2e emissions per kWh CA 0.9 lbs/kWh Total ___940x0.9=846lb__ Miles driven by Bycicle __60___ CO2e emissions per mile 0 Total __0lb____ Gallons of gasoline __24__ CO2e emissions per gallon lbs/gal Total ___24x19.67=472.08lb___ Total emissions __ = lb________ Price $4.53 per 1000 pounds of CO2 Total monthly carbon tax __4.53*1.49=$6.56_______

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