Q85. Which one of the following statements best describes the term ‘Social Cost of Carbon’? It is a measure, in monetary value, of the
(a) long-term damage done by a tonne of CO2 emissions in a given year. (b) 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 living in a new place. (d) contribution of an individual person to the carbon footprint on the planet Earth.
Answer: A
The social cost of carbon is a measure of the economic harm from those impacts, expressed as the dollar value of the total damages from emitting one ton of carbon dioxide into the atmosphere in a given year.
