Question
General Knowledge Question on Environment Problems
Regarding “carbon credits” which of the following statements is not correct?
A
The carbon credits system was ratified in conjunction with Kyoto Protocol
B
Carbon credits are awarded to those countries or groups who have reduced the green house gases below their emission quota
C
The goal of carbon credit system is to reduce carbon dioxide emission
D
Carbon credits are traded at a price fixed from time to time by the United Environment Programme
Answer
Carbon credits are traded at a price fixed from time to time by the United Environment Programme
Explanation
Solution
The correct option is (D): Carbon credits are traded at a price fixed from time to time by the United Environment Programme