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UPSC 2011: Regarding “carbon credits”, which one of the following statements is not correct?
(a)The carbon credit system was ratified in conjunction with the Kyoto Protocol
(b)Carbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota
(c)The goal of the carbon credit system is to limit the increase of carbon dioxide emission
(d)Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
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Not attemptedCorrect Answer: (d) Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
Carbon credits originated under the Kyoto Protocol and are earned by entities that cut emissions below a set quota with the overall aim of capping global CO₂ growth. Their price, however, is discovered in carbon markets through supply-demand forces, not fixed periodically by UNEP, making option (d) the only incorrect statement. ([testbook.com](https://testbook.com/question-answer/regarding-carbon-credits-which-one-of--601fd23c96baa2d39ced5500?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2011 Environment & Ecology question?▼
The correct answer is option (d): Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Climate Change & Greenhouse Gases question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2011, GS Paper 1, as Question 15. It falls under Environment & Ecology > Climate Change & Greenhouse Gases.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Climate Change & Greenhouse Gases?▼
UPSC has asked 34 questions from Climate Change & Greenhouse Gases (under Environment & Ecology) across multiple years. Visit the topic page to see the full list and year-wise trends.