Question 52 of 53Environment and Ecology
Regarding “carbon credits”, which one of the following statements is not correct?
AThe carbon credit system was ratified in conjunction with the Kyoto Protocol
BCarbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota
CThe goal of the carbon credit system is to limit the increase of carbon dioxide emission
DCarbon credits are traded at a price fixed from time to time of the United Nation Environment Programme
Correct Answer
The correct answer is hidden
Explanation
19 words hidden ... regulatory frameworks, and demand-supply conditions within carbon markets. The other statements broadly reflect the ... 15 words hidden