| Consider the following statements with reference to carbon trading. |
| 1. Carbon trading idea emanated after the signing of the Kyoto Protocol. |
| 2. It mandates GHC emissions caps on industrialised nation. |
| 3. Clean Development Management (CDM) allows for company project in developing countries, with no mandated emission reduction targeted, to trade in CERs with countries that have such targets. |
| 4. One CER is equal to a reduction of one tonne of carbon. |
| Which of the statements given above are correct? |
A) 3 and 4
B) 1, 2 and 3
C) 2 and 4
D) All of these
Correct Answer: D
Solution :
[d] The idea behind carbon trading is quite similar to the trading of securities or commodities in market place. Carbon would be given economic value. It allows people companies or nations to trade it. The carbon trade came about in response to the Kyoto Protocol.
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