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UPSC Prelims & Mains Questions
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 live in a new place.
D)
contribution of an individual person to the carbon footprint on the planet Earth.

Correct Answer :   long-term damage done by a tonne of CO2, emissions in a given year.

Note : Scientists expect climate change to have increasingly negative consequences for society, from rising sea levels to more frequent heatwaves. There is broad agreement that initial, modest benefits – for instance, increased yields for some crops in some regions – will be outweighed by costs as temperatures rise. One way to get a handle on this question is through the Social Cost of Carbon (SCC), which tries to add up all the quantifiable costs and benefits of emitting one additional tonne of CO2, in monetary terms. This value can then be used to weigh the benefits of reduced warming against the costs of cutting emissions.

Year : 2020
Category : General Studies
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