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    Question

    Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?

    1. It is the economic damage that would result from emitting one additional ton of greenhouse gas emission into the atmosphere.

    2. This is measured by the amount of damage done and the cost to remedy it.

    3. This includes manifestations of environmental degradation as public disorder, conflict and reduced activity.

    Which of the statements given above is/are incorrect?

    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 2 & 3 Correct Answer Incorrect Answer
    D All Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    All the statements are correct. It is the economic damage that would result from emitting one additional ton of greenhouse gas emission into the atmosphere. This is measured by the amount of damage done and the cost to remedy it. This includes manifestations of environmental degradation as public disorder, conflict and reduced activity.

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