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  • Which one of the following statements best describes the term ‘Social Cost of Carbon’?

Which one of the following statements best describes the term ‘Social Cost of Carbon’?

(a) It is a measure, in the monetary value of the long-term damage done by a tonne of CO2 emissions in a given year.

(b) the requirement of fossil fuels for a country to provide goods and services to its citizens, based on the burning of those fuels.

(c) efforts put in by a climate refugee to adapt to live in a new place.

(d) contribution of an individual person to the carbon footprint on the planet Earth.

14. Ans:  a

Explanation:

The social cost of carbon dioxide (SC-CO2) measures the monetized value of the damages to society caused by an incremental metric tonne of CO2 emissions and is a key metric informing climate policy. Used by governments and other decision-makers in benefit–cost analysis .

Hence, option a is correct.

Read: Previous Year UPSC Environment Questions (PYQs) With Explanation 2020

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