Which one of the following statement best describes the term Social Cost of Carbon? It is a measure, in monetary value, of the

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Q: (IAS/2020)

Which one of the following statement best describes the term ‘Social Cost of Carbon’? It is a measure, in monetary value, of the

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,114,112,114,51,18,43

keywords: 

{'carbon footprint': [0, 0, 0, 3], 'co2 emissions': [0, 0, 0, 1], 'carbon': [1, 0, 4, 5], 'social cost': [0, 0, 0, 1], 'fossil fuels': [0, 0, 0, 5], 'climate refugee': [0, 0, 0, 1], 'fuels': [0, 1, 0, 1], 'monetary value': [0, 0, 0, 1], 'planet earth': [0, 0, 4, 6], 'goods': [0, 1, 5, 27], 'individual person': [0, 0, 0, 1]}

The term ‘Social Cost of Carbon’ refers to a measure, in monetary value, of the long-term damage done by a tonne of CO2 emissions in a given year. Option (a) is the correct answer.