Suppose gasoline has an emissions factor of 92g of CO2/MJ and costs $1.78/liter, and biodiesel has an emissions factor of 54g of CO2/MJ and costs $2.05/liter. You may assume gasoline and biodiesel both have energy densities of 38 MJ/liter.
What is the cost of mitigating CO2 by switching from gasoline to biodiesel, in dollars per kilogram of CO2 emissions prevented? We'll cover how to do calculations like this in the course, so don't worry if you struggle. Give it your best effort but please don't spend more than 10 minutes on it.
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Suppose gasoline has an emissions factor of 92g of CO2/MJ and costs $1.78/liter, and biodiesel has...