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

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