What best describes a carbon credit ........

Environment and Ecology Envirnment and Climate Change

Download Solution PDF

What best describes a carbon credit?

It is the monetary benefit that a company or firm receives when it cut down its emission levels.

It is an alternative to cap and trade mechanism to cut down emission levels across the globe.

It is a unit representing the right to cut down emission of carbon or carbon dioxide by one tonne.

It is a permit allowing a firm or a company to emit one tonne of carbon or CO2 equivalent.

छोटे Courses बड़े Results

Master Envirnment and Climate Change

Prepare through Micro-courses

Try Now

Explanation:

Carbon credit is the concept introduced under Kyoto Protocol and operating principles laid down in Marrakesh Accord. It is the permit or certificate which allow the owners to emit 1 ton of Carbon Dioxide or Carbon dioxide equivalent of some other GHG. Hence, answer is D.