Question: Read the articleWill We Ever Stop Using Fossil Fuels? to answer questions. The links of the article is below. http://web.mit.edu/knittel/www/papers/JEP_hydro_latest.pdf G. What can we learn

Read the article"Will We Ever Stop Using Fossil Fuels? to answer questions. The links of the article is below.

http://web.mit.edu/knittel/www/papers/JEP_hydro_latest.pdf

Read the article"Will We Ever Stop Using Fossil Fuels? to answer questions.

G. What can we learn from this about the future of carbon impacts? 1. How much fossil fuel usage do the authors expect by 2040 without a major policy intervention? 2. How should this effect temperature and welfare? Where do these estimates come from? 3. What market failures do the authors believe these numbers show? What is a market failure? 4. What policy do they recommend based on this

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