Question:
Regarding “carbon credits” which of the following statements is not correct?
Regarding “carbon credits” which of the following statements is not correct?
Updated On: Jul 31, 2024
- The carbon credits system was ratified in conjunction with Kyoto Protocol
- Carbon credits are awarded to those countries or groups who have reduced the green house gases below their emission quota
- The goal of carbon credit system is to reduce carbon dioxide emission
- Carbon credits are traded at a price fixed from time to time by the United Environment Programme
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The Correct Option is D
Solution and Explanation
The correct option is (D): Carbon credits are traded at a price fixed from time to time by the United Environment Programme
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