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

Which one of the following statements best describes the term 'Social…

long-term damage done by a tonne of CO2 emissions in a given year
requirement of fossil fuels for a country to provide goods and services to its citizens, based on the burning of those fuels
efforts put in by a climate refugee to adapt to live in a new place
contribution of an individual person to the carbon footprint on the planet Earth

Answer

(a) Social Cost of Carbon means the monetized estimate of long-term damage caused by emitting one additional tonne of CO2 in a given year. Correct.
(b) This describes energy/fossil-fuel dependence or consumption needs, not the damage value of emissions. Incorrect.
(c) This refers to adaptation costs of climate refugees, which is unrelated to the formal meaning of Social Cost of Carbon. Incorrect.
(d) This is about an individual carbon footprint, not the monetary estimate of societal damage from an extra tonne of CO2. Incorrect.

Answer: (a)