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Which of the following is/are true?
1. The major regional emissions trading scheme currently under implementation is the china emission trading system.
2. CDM projects ( clean development mechanism ) are the second highest in the world.
3. Nearly 95% of CDM projects are being developed by the private sector.
Select the correct answer from the following codes
  • a)
    Only 1
  • b)
    Only 1 and 2
  • c)
    Only 2 and 3
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is/are true?1. The major regional emissions tra...
The major regional emissions-trading scheme currently under implementation in the European Union Emission Trading System (EU ETS). The EU ETS covers 28 EU countries as well as Iceland,  Liechtenstein, and Norway. As of 4 January 2016, 1593 out of a total of 7685 projects registered by the CDM executive board are from India, which so far is the second-highest in the world with China taking the lead with 3764 projects registered. About 90-95 percent of the CDM projects are being developed by the private sector.
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Which of the following is/are true?1. The major regional emissions tra...
China Emission Trading System
- The major regional emissions trading scheme currently under implementation is not the China Emission Trading System. It is the European Union Emission Trading System (EU ETS), which is the world's first and largest carbon market.
- The EU ETS covers around 45% of EU greenhouse gas emissions and includes more than 11,000 power stations and industrial plants.

CDM Projects
- CDM projects (Clean Development Mechanism) are not the second highest in the world. The CDM is a project-based mechanism under the Kyoto Protocol that allows developed countries to invest in emission reduction projects in developing countries as a way to meet their emission reduction targets.
- The CDM has seen a decline in recent years due to the decrease in demand for Certified Emission Reductions (CERs) and the introduction of new mechanisms such as the Paris Agreement's Nationally Determined Contributions (NDCs).

Private Sector Development of CDM Projects
- Nearly 95% of CDM projects are being developed by the private sector. The private sector plays a significant role in driving investment in clean energy and sustainable development projects through the CDM.
- However, with the decline in CDM projects and the shift towards new mechanisms and initiatives, such as the Sustainable Development Goals (SDGs) and the Green Climate Fund, the role of the private sector in climate finance is evolving.
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Which of the following is/are true?1. The major regional emissions trading scheme currently under implementation is the china emission trading system.2. CDM projects ( clean development mechanism ) are the second highest in the world.3.Nearly 95% of CDM projects are being developed by the private sector.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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