UPSC Exam > UPSC Questions > What is the carbon credit?a) It is the differ...
Start Learning for Free
What is the carbon credit?
- a)It is the difference between the carbon emission allowed and actually emitted carbon
- b)It is the loan amount by IMF for reducing pollution
- c)It is loan given to poor people for buying Modern Stoves
- d)All of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the carbon credit?a) It is the difference between the carbon e...
Ans: a
Explanation: Carbon credit shows that country or any entity emit the carbon below the limit prescribed by the government, hence country or entity can sell it in Exchange where carbon credits are traded.
Most Upvoted Answer
What is the carbon credit?a) It is the difference between the carbon e...
Carbon Credit:
Carbon credit is a financial instrument that represents a one-ton reduction in greenhouse gas emissions. It is a key component of national and international efforts to reduce greenhouse gas emissions and combat climate change.
Explanation:
Here is a detailed explanation of carbon credit:
- Definition: Carbon credit is the difference between the carbon emission allowed and the actually emitted carbon by an entity or country. It is a way to incentivize companies and countries to reduce their greenhouse gas emissions.
- How it works: Companies or countries that emit less carbon than their allocated limit can sell the extra carbon credits to those who exceed their limit. This creates a market for carbon credits, encouraging emissions reduction.
- Importance: Carbon credits play a crucial role in helping countries and companies meet their emissions reduction targets under international agreements like the Kyoto Protocol and the Paris Agreement.
- Use: Carbon credits can be bought and sold on the carbon market. Companies can purchase carbon credits to offset their emissions, while countries can use carbon credits to meet their emission reduction targets.
- Benefits: Carbon credits help to drive innovation and investment in clean technologies and energy efficiency. They also provide a financial incentive for companies to reduce their carbon footprint.
- Challenges: The carbon credit market faces challenges such as ensuring the credibility and integrity of carbon credits, avoiding double counting, and addressing issues of additionality and permanence.
In conclusion, carbon credits are a valuable tool in the fight against climate change, providing a financial incentive for emissions reduction and helping to drive the transition to a low-carbon economy.
Carbon credit is a financial instrument that represents a one-ton reduction in greenhouse gas emissions. It is a key component of national and international efforts to reduce greenhouse gas emissions and combat climate change.
Explanation:
Here is a detailed explanation of carbon credit:
- Definition: Carbon credit is the difference between the carbon emission allowed and the actually emitted carbon by an entity or country. It is a way to incentivize companies and countries to reduce their greenhouse gas emissions.
- How it works: Companies or countries that emit less carbon than their allocated limit can sell the extra carbon credits to those who exceed their limit. This creates a market for carbon credits, encouraging emissions reduction.
- Importance: Carbon credits play a crucial role in helping countries and companies meet their emissions reduction targets under international agreements like the Kyoto Protocol and the Paris Agreement.
- Use: Carbon credits can be bought and sold on the carbon market. Companies can purchase carbon credits to offset their emissions, while countries can use carbon credits to meet their emission reduction targets.
- Benefits: Carbon credits help to drive innovation and investment in clean technologies and energy efficiency. They also provide a financial incentive for companies to reduce their carbon footprint.
- Challenges: The carbon credit market faces challenges such as ensuring the credibility and integrity of carbon credits, avoiding double counting, and addressing issues of additionality and permanence.
In conclusion, carbon credits are a valuable tool in the fight against climate change, providing a financial incentive for emissions reduction and helping to drive the transition to a low-carbon economy.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the carbon credit?a) It is the difference between the carbon emission allowed and actually emitted carbonb) It is the loan amount by IMF for reducing pollutionc) It is loan given to poor people for buying Modern Stovesd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup