Read the article at https://nyti.ms/2jKdgKK and answer the following questions. 1. Which businesses are approaching the challenge

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Read the article at https://nyti.ms/2jKdgKK and answer the following questions. 

1. Which businesses are approaching the challenge of addressing climate change as a benefit to their economic bottom line, and which businesses treat it as a loss? Explain the reason for this disparity. 

2. The article says, "The bottom line is that the policies will increase the cost of carbon and electricity," said Roger Bezdek, an economist who produced a report for the coal lobby that was released this week. "Even the most conservative estimates peg the social benefit of carbon-based fuels as 50 times greater than its supposed social cost." 

Discuss the possible role that discounting may play in this conclusion. To help you in answering this question, read about the Stern-Nordhaus debate in Box 4.2.

Box 4.2:

 

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