With reference to India’s Carbon Credit Trading Scheme (CCTS) consider the following statements:1.India’s CCTS is a program designed to allow companies to trade carbon credits. 2.The carbon credit market’s regulation in CCTS falls under the regulation of Securities and Exchange Board of India (Sebi).Select the correct statements using the codes given below:

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Q. With reference to India’s Carbon Credit Trading Scheme (CCTS) consider the following statements:
1.India’s CCTS is a program designed to allow companies to trade carbon credits.
2.The carbon credit market’s regulation in CCTS falls under the regulation of Securities and Exchange Board of India (Sebi).
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation –

Statement 1 is correct. India’s CCTS is a program designed to allow companies to trade carbon credits.

Statement 2 is incorrect. The carbon credit market’s regulation in CCTS falls under the regulation of the Central Electricity Regulatory Commission (CERC).

Source: ForumIAS

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