Which one of the following statements best describes the term 'Social Cost of Carbon'? It is a measure, in monetary value, of the
Answer
The correct answer is A: long-term damage done by a tonne of CO2 emissions in a given year.. The Social Cost of Carbon is the estimated monetary value of long-term economic damage caused by emitting one additional tonne of CO2 in a given year.
A.long-term damage done by a tonne of CO2 emissions in a given year.✓ Correct
B.requirement of fossil fuels for a country to provide goods and services to its citizens, based on the burning of those fuels.
C.contribution of an individual person to the carbon footprint on the planet Earth.
D.efforts put in by a climate refugee to adapt to live in a new place.
Explanation
The Social Cost of Carbon is the estimated monetary value of long-term economic damage caused by emitting one additional tonne of CO2 in a given year.
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