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Consider the following statements regarding Carbon offsetting.
1. Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country.
2. The United Nation’s Clean Development Mechanism (CDM) set up under the 1997 Kyoto Protocol is first major Carbon offsetting scheme.
3. Carbon offsets can be bought by individuals, companies or countries.
Which of the above statements is/are correct?
  • a)
    1, 2
  • b)
    1, 3
  • c)
    2, 3
  • d)
    1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Carbon offsetting.1. Carbo...
Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country. Companies are also increasingly using carbon credits to offset their emissions.
The first major offsetting scheme, the U.N.s clean development mechanism (CDM), was set up under the 1997 Kyoto Protocol, in which 190 countries agreed country-by-country emission reduction targets.
The scheme was designed to help fund emission reduction projects in developing countries, while also providing offset credits to the developed world to help meet its Kyoto targets.
More than 8,100 projects in 111 countries have registered with the CDM scheme, which has handed out over 2 billion carbon credits, called Certified Emission Reductions (CERs), representing 2 billion tonnes of carbon dioxide reduction.
Projects registered under the scheme range from capturing and using methane gasses in pig manure to create electricity to replacing traditional wood and coal burning cookstoves with cleaner alternatives such as ethanol. Offsets can be bought by individuals, companies or countries.
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Consider the following statements regarding Carbon offsetting.1. Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country.2. The United Nation’s Clean Development Mechanism (CDM) set up under the 1997 Kyoto Protocol is first major Carbon offsetting scheme.3. Carbon offsets can be bought by individuals, companies or countries.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding Carbon offsetting.1. Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country.2. The United Nation’s Clean Development Mechanism (CDM) set up under the 1997 Kyoto Protocol is first major Carbon offsetting scheme.3. Carbon offsets can be bought by individuals, companies or countries.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Carbon offsetting.1. Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country.2. The United Nation’s Clean Development Mechanism (CDM) set up under the 1997 Kyoto Protocol is first major Carbon offsetting scheme.3. Carbon offsets can be bought by individuals, companies or countries.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Carbon offsetting.1. Carbon offsetting allows a country to help reach its own emissions reduction targets by funding emission reductions in another country.2. The United Nation’s Clean Development Mechanism (CDM) set up under the 1997 Kyoto Protocol is first major Carbon offsetting scheme.3. Carbon offsets can be bought by individuals, companies or countries.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?.
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