Banking Exams Exam > Banking Exams Questions > What is the primary purpose of the National C...
Start Learning for Free
What is the primary purpose of the National Carbon Registry developed by UNDP?
- a)To regulate carbon emissions.
- b)To facilitate carbon credit trading.
- c)To impose carbon taxes on nations.
- d)To monitor deforestation.
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
What is the primary purpose of the National Carbon Registry developed ...
The primary purpose of the National Carbon Registry developed by UNDP is to facilitate carbon credit trading. Carbon credit trading is a market-based approach to reducing greenhouse gas emissions, where companies or organizations can buy and sell credits that represent a reduction or removal of carbon dioxide or other greenhouse gases from the atmosphere.
The National Carbon Registry acts as a platform for tracking and verifying the emission reductions achieved by various projects or initiatives. It provides a transparent and standardized system for registering and issuing carbon credits, ensuring the integrity and credibility of the credits being traded.
Here is a detailed explanation of why option 'B' is the correct answer:
- Facilitating Carbon Credit Trading: The National Carbon Registry developed by UNDP is primarily designed to facilitate the trading of carbon credits. Carbon credits are created when a project or initiative takes actions to reduce or remove greenhouse gas emissions. These credits can then be sold to other entities that need to offset their emissions.
- Tracking and Verifying Emission Reductions: The registry tracks and verifies the emission reductions achieved by various projects. This ensures that the credits being traded are legitimate and represent real reductions in greenhouse gas emissions. The registry establishes a transparent and standardized system for registering and issuing carbon credits, which enhances the credibility of the credits and promotes confidence in the carbon market.
- Ensuring Integrity and Credibility: The National Carbon Registry plays a crucial role in maintaining the integrity and credibility of the carbon credit market. By providing a centralized platform for registering and tracking carbon credits, it helps prevent fraudulent or double-counting practices. This ensures that the credits being traded are accurately accounted for and contribute to the overall reduction of greenhouse gas emissions.
- Promoting Sustainable Development: The establishment of a carbon credit market through the National Carbon Registry also promotes sustainable development. By incentivizing emission reductions, the registry encourages investment in clean and sustainable projects. This can lead to the adoption of cleaner technologies, the creation of green jobs, and the improvement of environmental and social conditions.
In conclusion, the primary purpose of the National Carbon Registry developed by UNDP is to facilitate carbon credit trading by tracking and verifying the emission reductions achieved by various projects. The registry plays a crucial role in ensuring the integrity and credibility of the carbon credit market, while also promoting sustainable development.
The National Carbon Registry acts as a platform for tracking and verifying the emission reductions achieved by various projects or initiatives. It provides a transparent and standardized system for registering and issuing carbon credits, ensuring the integrity and credibility of the credits being traded.
Here is a detailed explanation of why option 'B' is the correct answer:
- Facilitating Carbon Credit Trading: The National Carbon Registry developed by UNDP is primarily designed to facilitate the trading of carbon credits. Carbon credits are created when a project or initiative takes actions to reduce or remove greenhouse gas emissions. These credits can then be sold to other entities that need to offset their emissions.
- Tracking and Verifying Emission Reductions: The registry tracks and verifies the emission reductions achieved by various projects. This ensures that the credits being traded are legitimate and represent real reductions in greenhouse gas emissions. The registry establishes a transparent and standardized system for registering and issuing carbon credits, which enhances the credibility of the credits and promotes confidence in the carbon market.
- Ensuring Integrity and Credibility: The National Carbon Registry plays a crucial role in maintaining the integrity and credibility of the carbon credit market. By providing a centralized platform for registering and tracking carbon credits, it helps prevent fraudulent or double-counting practices. This ensures that the credits being traded are accurately accounted for and contribute to the overall reduction of greenhouse gas emissions.
- Promoting Sustainable Development: The establishment of a carbon credit market through the National Carbon Registry also promotes sustainable development. By incentivizing emission reductions, the registry encourages investment in clean and sustainable projects. This can lead to the adoption of cleaner technologies, the creation of green jobs, and the improvement of environmental and social conditions.
In conclusion, the primary purpose of the National Carbon Registry developed by UNDP is to facilitate carbon credit trading by tracking and verifying the emission reductions achieved by various projects. The registry plays a crucial role in ensuring the integrity and credibility of the carbon credit market, while also promoting sustainable development.
Free Test
FREE
| Start Free Test |
Community Answer
What is the primary purpose of the National Carbon Registry developed ...
The National Carbon Registry developed by UNDP serves as a platform to facilitate the effective management of national data and processes related to trading carbon credits, promoting efforts to reduce greenhouse gas emissions.
Attention Banking Exams Students!
To make sure you are not studying endlessly, EduRev has designed Banking Exams study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Banking Exams.
|
Explore Courses for Banking Exams exam
|
|
Top Courses for Banking ExamsView all
What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer?
Question Description
What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer?.
What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer?.
Solutions for What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams.
Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the primary purpose of the National Carbon Registry developed by UNDP?a)To regulate carbon emissions.b)To facilitate carbon credit trading.c)To impose carbon taxes on nations.d)To monitor deforestation.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
|
|
Explore Courses for Banking Exams exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup