Q. Consider the following statements:
1.One carbon credit gives a licence to emit 1,000 kg of carbon dioxide or equivalent.
2.In India, the Bureau of Energy Efficiency (BEE) is the administrator for the Indian carbon market under the Carbon Credit Trading Scheme (CCTS).
3.The Paris Agreement has set up an international carbon market as part of helping countries meet their emissions targets.
Which of the statements given above are correct?
Answer: D
Notes:
Explanation –
Statements 1, 2 and 3 are correct. One carbon credit allows the emission of one ton (1,000 kg) of carbon dioxide or its equivalent in other greenhouse gases. In India, the certifying agencies responsible for verifying whether sellers have actually removed 1,000 kg of carbon dioxide are known as Accredited Carbon Verification Agencies (ACVAs). These agencies are accredited by the Bureau of Energy Efficiency (BEE), which is the administrator for the Indian Carbon Market under the Carbon Credit Trading Scheme (CCTS). The Paris Agreement, through Article 6, establishes frameworks for international carbon markets to help countries achieve their emissions targets.
Source: The Hindu
