A) The Carbon Credit System was ratified in conjunction with the Kyoto Protocol
B) Carbon Credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota
C) The goal of the Carbon Credit System is to limit the increase of carbon dioxide emission
D) Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
Correct Answer: D
Solution :
[d] Carbon Credit- A permit that allow the holder to emit one tonne of carbon dioxide credits are awarded to countries or groups that have reduced their greenhouse gases below their emission quota. Carbon credit can be traded in the International market at current market price. Main goal of this system is to limit the increase of Carbon dioxide.
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