In the context of global public goods, climate-change mitigation is considered a:
A. Club good limited to a few countries
B. Pure private good
C. Global pure public good because its benefits are non-excludable and non-rivalrous across countries
D. Common-pool resource only
Answer: Option C
Solution (By JKSSB Mock Tests)
Climate-change mitigation is a global pure public good: the benefits of reduced greenhouse-gas concentrations are non-excludable and non-rivalrous at the worldwide level, creating strong free-rider incentives.
Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.
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