Q. With reference to Carbon Credit Trading Scheme (CCTS) consider the following statements:
1.India introduced the CCTS under the Energy Conservation Act, 2001, to manage greenhouse gas emissions.
2.It is a system that allows companies and individuals to buy and sell carbon credits, which represent the right to emit a certain amount of carbon dioxide or other greenhouse gases.
Select the correct answer from the codes given below:
Answer: C
Notes:
Explanation –
Statements 1 and 2 are correct. India introduced the CCTS under the Energy Conservation Act, 2001, to manage greenhouse gas emissions. It is a system that allows companies and individuals to buy and sell carbon credits, which represent the right to emit a certain amount of carbon dioxide or other greenhouse gases.
Source: ForumIAS
