ATTEMPT · ENVIRONMENT · PRELIMS 2011
Regarding “carbon credits”, which one of the following statements is not correct?
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Your attempt
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Regarding “carbon credits”, which one of the following statements is not correct?
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• Correct Answer: B
• Carbon credit prices are determined by market dynamics, not fixed by UNEP.
• The Kyoto Protocol established carbon markets; the system incentivizes emission reductions below mandated quotas.
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