{"id":358,"date":"2023-06-11T21:53:29","date_gmt":"2023-06-11T16:23:29","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=358"},"modified":"2024-04-03T07:16:36","modified_gmt":"2024-04-03T01:46:36","slug":"q-which-one-of-the-following-statements-best-describes-the-term-social-cost-of-carbon-it-is-a-measure-in-monetary-value-of-the","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-which-one-of-the-following-statements-best-describes-the-term-social-cost-of-carbon-it-is-a-measure-in-monetary-value-of-the","title":{"rendered":"Q .\u00a0Which one of the following statements best describes the term \u2018Social Cost of Carbon\u2019? It is a measure, in monetary value, of the"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>long-term damage done by a tonne of CO2, emissions in a given year<\/li>\n\n\n\n<li>requirement of fossil fuels for a country to provide goods and services to its citizens, based on the burning of those fuels<\/li>\n\n\n\n<li>efforts put in by a climate refugee to adapt to live in a new place<\/li>\n\n\n\n<li>contribution of an individual person to the carbon footprint on the planet Earth<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (a) long-term damage done by a tonne of CO2, emissions in a given year<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Notes:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The\u00a0<strong>social cost of carbon (SCC) is an estimate, in monetary value (dollars), of the economic damages that would result from emitting one additional ton of greenhouse gases into the atmosphere<\/strong>.\n<ul class=\"wp-block-list\">\n<li>Greenhouse gas is&nbsp;a gas that has the property of absorbing infrared radiation (net heat energy) emitted from Earth\u2019s surface and reradiating it back to Earth\u2019s surface like&nbsp;Carbon dioxide (CO2), methane, and water vapour.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The social cost of carbon puts the effects of climate change into economic terms to help policymakers and other decision-makers understand the economic impacts of decisions that would increase or decrease emissions.\n<ul class=\"wp-block-list\">\n<li>A benefit-cost analysis is done to estimate the social cost of carbon. &nbsp;<\/li>\n\n\n\n<li>A benefit-cost analysis compares the total economic benefits of a proposed policy to its total economic costs.<\/li>\n\n\n\n<li>The SCC is used in benefit-cost analysis to quantify the dollar value of a policy\u2019s effect on climate change due to changes in greenhouse gas emissions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<style>.wp-block-kadence-spacer.kt-block-spacer-_d4300e-1b .kt-block-spacer{height:40px;}.wp-block-kadence-spacer.kt-block-spacer-_d4300e-1b .kt-divider{border-top-width:2px;border-top-color:#eee;width:100%;border-top-style:solid;}<\/style>\n<div class=\"wp-block-kadence-spacer aligncenter kt-block-spacer-_d4300e-1b\"><div class=\"kt-block-spacer kt-block-spacer-halign-center\"><hr class=\"kt-divider\"\/><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Answer: (a) long-term damage done by a tonne of CO2, emissions in a given year Notes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[36],"years":[53],"class_list":["post-358","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-environment","years-53"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":36,"label":"Environment"}],"years":[{"value":53,"label":"2020"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":36,"name":"Environment","slug":"environment","term_group":0,"term_taxonomy_id":36,"taxonomy":"post_tag","description":"","parent":0,"count":193,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=358"}],"version-history":[{"count":1,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/358\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/358\/revisions\/408"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=358"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}