Optimize IAS
  • Home
  • About Us
  • Courses
    • Prelims Test Series
      • LAQSHYA 2026 Prelims Mentorship
    • Mains Mentorship
      • Arjuna 2026 Mains Mentorship
  • Portal Login
  • Home
  • About Us
  • Courses
    • Prelims Test Series
      • LAQSHYA 2026 Prelims Mentorship
    • Mains Mentorship
      • Arjuna 2026 Mains Mentorship
  • Portal Login

Tropical cyclones cause more damage than we think — and India among countries facing high social cost of carbon

  • November 25, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
No Comments

 

 

Tropical cyclones cause more damage than we think — and India among countries facing high social cost of carbon

Subject: Environment

Section: Climate change

Context:

  • Extreme weather events also have long-term impacts on economies and can hinder economic development, increasing the ‘social cost’ of carbon.

Details:

  • India’s long-term economic damages from tropical cyclones are expected to range from $43-47 per tonne of carbon dioxide.
  • Globally, the long-term impacts of these storms raise the global social cost of carbon by more than 20 percent.
  • Driving this increase mainly are India, the United States, China, Taiwan, and Japan.
  • India’s social costs represent 11.3 per cent of global median economic damages from tropical cyclones.
  • The current policies do not consider the long-term effects of extreme events.

Social Cost of Carbon:

  • The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting carbon emissions at any point in time.
  • The social cost of carbon estimates the future costs of societies from the emission of one additional tonne of carbon dioxide in the atmosphere and is a key metric informing climate policies.
  • The purpose of putting a price on a tonne of emitted carbon or CO2 is to aid people in evaluating whether adjustments to curb climate change are justified.
  • The social cost of carbon is a calculation focused on taking corrective measures to a “State of Nature”, where there is evidence of market failure.

Source: Down To Earth

Environment Tropical cyclones cause more damage than we think — and India among countries facing high social cost of carbon

Recent Posts

  • Daily Prelims Notes 23 March 2025 March 23, 2025
  • Challenges in Uploading Voting Data March 23, 2025
  • Fertilizers Committee Warns Against Under-Funding of Nutrient Subsidy Schemes March 23, 2025
  • Tavasya: The Fourth Krivak-Class Stealth Frigate Launched March 23, 2025
  • Indo-French Naval Exercise Varuna 2024 March 23, 2025
  • No Mismatch Between Circulating Influenza Strains and Vaccine Strains March 23, 2025
  • South Cascade Glacier March 22, 2025
  • Made-in-India Web Browser March 22, 2025
  • Charting a route for IORA under India’s chairship March 22, 2025
  • Mar-a-Lago Accord and dollar devaluation March 22, 2025

About

If IAS is your destination, begin your journey with Optimize IAS.

Hi There, I am Santosh I have the unique distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do.

Contact us

moc.saiezimitpo@tcatnoc

For More Details

Work with Us

Connect With Me

Course Portal
Search