Q. Consider the following statements:
1.Emissions intensity measures the amount of carbon dioxide emissions produced per unit of output.
2.In a voluntary carbon market, one carbon credit represents the right to emit one tonne of carbon dioxide.
3.Perform, Achieve, and Trade (PAT) scheme provides the initial framework for setting emissions intensity targets in India.
Which of the statements given above are correct?
Explanation –
Statements 1 and 3 are correct. Emissions intensity refers to the amount of carbon dioxide emissions produced per unit of production or output. The PAT scheme is a market-based mechanism under India’s National Mission for Enhanced Energy Efficiency (NMEEE). It sets energy-efficiency targets for industries and serves as a basis for developing emissions intensity targets.
Statement 2 is incorrect. In a voluntary carbon market, one carbon credit typically represents a reduction or removal of one tonne of carbon dioxide from the atmosphere. Whereas, in a compliance market, carbon credits typically represent the right to emit one tonne of carbon dioxide (CO2) or its equivalent.
Source: The Hindu
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