Which of the following is a characteristic of the 'Just Energy Transition Partnerships'?
A.International partnerships that provide financial and technical support to developing countries for a just and equitable transition away from coal and other fossil fuels
B.Only private-sector initiatives without public finance
C.Only rapid phase-outs without social safeguards
D.Only domestic energy policies without international support
Explanation:
Just Energy Transition Partnerships are collaborative arrangements in which developed countries and international institutions mobilise finance and expertise to support developing countries in transitioning away from coal while protecting affected workers and communities.
Explanation:
Social marginal cost includes both private costs and external costs. It is used in the analysis of externalities and in determining the socially optimal level of output.
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