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Question of the day
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Question of the Day (05-Sep-20)

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The question below contains a paragraph followed by alternative summaries. Choose the option that best captures the essence of the paragraph.

Avoiding deforestation means that many landowners must forgo the right to cut down their trees, so that the world at large can benefit. As such, carbon emissions from deforestation are a classic example of “environmental externality”. So long as this remains the case, forests will continue to be cut down. To resolve the problem, it has been suggested that the people who forgo their rights are compensated. There is already a market for what are called “voluntary” credits in avoided deforestation.
OPTIONS
 
 1)The existing market for “voluntary” credits in avoided deforestation is an effective way to internalise the “environmental externality” in environmental economics.
 2)The existing market for “voluntary” carbon credits in avoided deforestation compensates the landowners and resolves the problem of deforestation by the landowners and reduces carbon emissions.
 3)In order to decrease carbon emissions from deforestation landowners must be compensated for not cutting down trees, and the market for “voluntary’’ carbon credits must be strengthened.
 4)The existing market for “voluntary” carbon credits in avoided deforestation compensates landowners and decreases carbon emissions from deforestation.
 5)The existing market for “voluntary” carbon credits in avoided deforestation could be one of the ways to resolve deforestation by the landowners, and decrease carbon emissions from deforestation.

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