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Consider the following statements.
- A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered.
- Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Consider the following statements. A carbon credit is an electronic an...
- A "carbon credit" (also known as a "carbon offset") is an electronic and serialized unit that represents one ton of CO2 equivalent that is reduced, avoided, or sequestered from projects applying an approved carbon credit methodology.
- Decarbonization means the reduction of carbon. More specifically, the term refers to converting the economic system or individual carbon emitting entity converting to reduce the carbon intensity of its (direct or value chain) emissions over time.
Most Upvoted Answer
Consider the following statements. A carbon credit is an electronic an...
The correct answer is option 'B' - 2 only.
Explanation:
1) The first statement is incorrect. A carbon credit is not an electronic and serialized unit containing 1 kg of CO2. Instead, a carbon credit represents a unit of measurement that is used to quantify the reduction, prevention, or sequestration of one metric ton (1000 kg) of carbon dioxide or its equivalent greenhouse gases. Carbon credits are typically used in carbon trading systems to incentivize and reward projects that reduce emissions.
2) The second statement is correct. Decarbonization refers to the process of reducing the carbon intensity of the economic system or individual carbon-emitting organizations. It involves decreasing the emissions of greenhouse gases, particularly carbon dioxide, over time. This can be achieved by adopting cleaner and more sustainable energy sources, improving energy efficiency, and implementing measures to reduce carbon emissions throughout the value chain.
In summary, only the second statement is correct. The first statement is incorrect as it does not accurately describe what a carbon credit represents.
Explanation:
1) The first statement is incorrect. A carbon credit is not an electronic and serialized unit containing 1 kg of CO2. Instead, a carbon credit represents a unit of measurement that is used to quantify the reduction, prevention, or sequestration of one metric ton (1000 kg) of carbon dioxide or its equivalent greenhouse gases. Carbon credits are typically used in carbon trading systems to incentivize and reward projects that reduce emissions.
2) The second statement is correct. Decarbonization refers to the process of reducing the carbon intensity of the economic system or individual carbon-emitting organizations. It involves decreasing the emissions of greenhouse gases, particularly carbon dioxide, over time. This can be achieved by adopting cleaner and more sustainable energy sources, improving energy efficiency, and implementing measures to reduce carbon emissions throughout the value chain.
In summary, only the second statement is correct. The first statement is incorrect as it does not accurately describe what a carbon credit represents.
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Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements. A carbon credit is an electronic and serialised unit containing 1 kg of the CO2 equal to which projects with an authorised Carbon credit methodology have been reduced, prevented or sequestered. Decarbonization means conversion, decreasing over time the carbon intensity (direct or value chain) emissions of the economic system or individual carbon-emitting organization.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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