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Q124
(UPPCS/2021)
Environment & Ecology › Climate Change & Global Initiatives
The concept of 'carbon credit' originated from
Result
Your answer:
—
·
Correct:
B
Explanation
The concept of carbon credit originated from the Kyoto Protocol, which was adopted in 1997 and entered into force in 2005. It is an international agreement linked to the United Nations Framework Convention on Climate Change (UNFCCC).
- The Kyoto Protocol introduced three market-based mechanisms: International Emissions Trading, the Clean Development Mechanism (CDM), and Joint Implementation (JI).
- A carbon credit represents a permit allowing the holder to emit one tonne of carbon dioxide (CO2) or an equivalent amount of other greenhouse gases.
- The Earth Summit (1992) created the UNFCCC framework but not the credit system.
- The Montreal Protocol (1987) targets ozone-depleting substances.
- The G-8 Summit at Heiligendamm (2007) discussed post-Kyoto targets but was not the origin of the concept.
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SIMILAR QUESTIONS
The concept of carbon credit originated from which one of the following ?
Regarding “Carbon credits”, which one of the following statements is not correct ?
The Clean Development Mechanism (CDM), a mechanism to reduce greenhouse gas emission as per Kyoto Protocol implies that :
Consider the following statements: 1. Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocol Mechanisms. 2. Under the CDM, the projects handled pertain only to the Annex-I countries. Which of the statements given above is/are correct?
The United Nations Framework Convention on Climate Change (UNFCCC) was first signed during