Economics · Carbon Pricing
What is the primary economic rationale for implementing carbon pricing mechanisms in the context of climate change mitigation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Imposing a total legal prohibition on the extraction of fossil fuel resources for electricity generation.
- 2Providing direct government subsidies for the preservation of oxygen-poor soils in wetland ecosystems.
- 3Assigning a financial cost to emissions to create an incentive for reducing carbon footprints.✓
- 4Mandating the universal adoption of specific Direct Air Capture technologies across all industrial sectors.
Correct answer
Assigning a financial cost to emissions to create an incentive for reducing carbon footprints.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Carbon Pricing MCQs →Want more practice questions on Carbon Pricing?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Carbon Pricing