How Does Broome Respond to the Objection That Offsetting Your

question 213

Multiple Choice

How does Broome respond to the objection that offsetting your greenhouse gas emissions shifts responsibility for reducing emissions from the rich to the poor?

• A) By arguing that it is best for the world as a whole if emissions are reduced as cheaply as possible, and it is currently cheaper to reduce emissions in poorer countries than in richer ones.
• B) By admitting that this is a way of shifting responsibility but insisting that it is okay because offsetting does not harm the poor and reduces inequality.
• C) By arguing that there are just as many opportunities to offset emissions in rich countries as in poor ones, so offsetting does not always transfer responsibility to poorer people.
• D) By pointing out that transferring emissions reductions from rich countries to poor countries is morally similar to sending toxic waste from rich countries to poor countries, which used to be a common practice.

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Definitions:

WACC

The Weighted Average Cost of Capital is a metric that determines a firm's cost of capital by assigning proportional weights to each type of capital it uses.

Net Investment

The total amount invested in a project or asset after accounting for depreciation or amortization.

Working Capital

The difference between a company's current assets and its current liabilities, indicating short-term financial health.

Capital Cost Allowance

A tax deduction in Canada allowing for the depreciation of capital assets to be deducted from income.