WBCS.LIVE practice question

Regarding "carbon credits", which one of the following statements is not correct?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. The carbon credit system was ratified in conjunction with the Kyoto Protocol
  2. Carbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota
  3. The goal of the carbon credit system is to limit the increase of carbon emission quota
  4. Carbon credits arre traded at a price fixed from time to time by the United Nations Enviroment Programme.

Correct answer and explanation

Correct answer: Carbon credits arre traded at a price fixed from time to time by the United Nations Enviroment Programme.