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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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