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 by the United Nations Environment Programme
Answer & Solution
Correct answer: D. Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
UPSC CSE Prelims 2011 (GS-I, Set A), Q.15. Official answer key: D.
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