Exploring the Green Premiums
CLIMATE PROJECT/ LESSON 3.5ACTIVITY EXPLORING THE GREEN PREMIUM1Unless otherwise noted, this work is licensed under CC BY 4.0. Credit: “Exploring the Green Premium”, OER Project, https://www.oerproject.com/PurposeCalculating green premiums for low-carbon products will help you understand the role green premiums play in reducing carbon emissions.ProcessThink about the low-carbon technologies discussed in the video Green Premiums: The Extra Cost to Decarbonize andthen answer the questions below.1.Calculate the green premium for plant-based meat.____________________________What does the green premium for alternative meat tell you? Do you think consumers would be willing to purchase this product despite the higher price? Explain your answer.
CLIMATE PROJECT / LESSON 3.5ACTIVITY EXPLORING THE GREEN PREMIUM22.Calculate the green premium for an electric vehicle (Chevy Bolt) versus a traditional gas car (Chevy Malibu) based on purchase cost. ___________________________Calculate the green premium for an electric vehicle (Chevy Bolt) versus a traditional gas car (Chevy Malibu) based on average fuel costper mile driven___________________Why do you think that gas-powered cars are sMll more widely purchased than electric vehicles?What’s one thing that could be done to promote the purchase of electric vehicles?
CLIMATE PROJECT / LESSON 3.5ACTIVITY EXPLORING THE GREEN PREMIUM33.Calculate the green premium for new heat pumps in Chicago, IL._________________Calculate the green premium for new heat pumps in Houston, TX._________________Calculate the green premium for new heat pumps in Providence, RI._________________Why do you think the green premium is different in different cities?What’s one thing that could be done to promote the adoption of heat pumps?