According to the application regarding options for reducing CO2 emissions from international shipping,3% of global CO2 emissions come from international shipping.What tool did the policy analysts use for comparing the cost of alternative reduction methods?
A)compute the average marginal cost of each method
B)compute the marginal abatement cost of each method
C)compute the total marginal cost of each method
D)The analysts were unable to compare the cost of alternative reduction methods.

Question

Quizplus · Accepted Answer

The policy analysts used the concept of marginal abatement cost for comparing the cost of alternative reduction methods. It is a cost-benefit analysis tool that computes the cost of reducing one additional unit of CO2 emission through a particular method.

According to the Application Regarding Options for Reducing CO2 Emissions