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Consider the following statements regarding National Carbon Registry:
- It allows countries to manage national data and processes for trading carbon credits.
- It was developed by the United Nations Development Programme.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding National Carbon Registry: ...
Recently, United Nations Development Programme (UNDP) has developed open-source software which allows countries to effectively manage national data and processes for trading carbon credits.
- National Carbon Registry software has recently been accredited as a digital public good (DPG).
- As a DPG, the registry uses open-source code, which allows countries to replicate and adapt the information to fit their own needs and contexts.
- The registry’s modules, software and technical documentation can be reused and tailored by countries, which could potentially reduce production costs and implementation timelines.
- The registry follows national and international best practices which includes UNDP, the World Bank, the United Nations Framework Convention of Climate Change (UNFCCC) and the European Bank for Reconstruction and Development (EBRD).
Key facts about United Nations Development Programme
- It is the United Nations lead agency on international development.
- It works in 170 countries and territories to eradicate poverty and reduce inequality.
- It helps countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals.
- Its work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience.
Hence both statements are correct.
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Consider the following statements regarding National Carbon Registry: ...
Overview:
The National Carbon Registry is a platform that allows countries to manage national data and processes for trading carbon credits. It was developed by the United Nations Development Programme (UNDP).
Statement 1: It allows countries to manage national data and processes for trading carbon credits.
The National Carbon Registry serves as a centralized platform that enables countries to manage their national data and processes related to trading carbon credits. Carbon credits are units of measurement that represent the reduction of one metric ton of carbon dioxide (or its equivalent) in the atmosphere. These credits can be bought and sold as a means to offset greenhouse gas emissions.
The registry provides a transparent and secure system for countries to track and record their emission reductions, ensuring the integrity and credibility of carbon credit trading. It allows countries to create and manage accounts, report emissions data, and track the issuance, transfer, and retirement of carbon credits.
Statement 2: It was developed by the United Nations Development Programme.
The second statement is correct. The National Carbon Registry was indeed developed by the United Nations Development Programme (UNDP). The UNDP is a UN agency that works on various development initiatives, including climate change mitigation and sustainable development.
The UNDP recognized the need for a reliable and transparent platform to facilitate carbon credit trading and established the National Carbon Registry to fulfill this purpose. The registry is designed to align with international standards and guidelines for carbon accounting and trading, ensuring its compatibility with global efforts to address climate change.
Conclusion:
Both statements are correct. The National Carbon Registry enables countries to manage their national data and processes for trading carbon credits, and it was developed by the United Nations Development Programme (UNDP). The registry plays a crucial role in promoting transparency and accountability in carbon credit trading, contributing to global efforts to mitigate climate change.
The National Carbon Registry is a platform that allows countries to manage national data and processes for trading carbon credits. It was developed by the United Nations Development Programme (UNDP).
Statement 1: It allows countries to manage national data and processes for trading carbon credits.
The National Carbon Registry serves as a centralized platform that enables countries to manage their national data and processes related to trading carbon credits. Carbon credits are units of measurement that represent the reduction of one metric ton of carbon dioxide (or its equivalent) in the atmosphere. These credits can be bought and sold as a means to offset greenhouse gas emissions.
The registry provides a transparent and secure system for countries to track and record their emission reductions, ensuring the integrity and credibility of carbon credit trading. It allows countries to create and manage accounts, report emissions data, and track the issuance, transfer, and retirement of carbon credits.
Statement 2: It was developed by the United Nations Development Programme.
The second statement is correct. The National Carbon Registry was indeed developed by the United Nations Development Programme (UNDP). The UNDP is a UN agency that works on various development initiatives, including climate change mitigation and sustainable development.
The UNDP recognized the need for a reliable and transparent platform to facilitate carbon credit trading and established the National Carbon Registry to fulfill this purpose. The registry is designed to align with international standards and guidelines for carbon accounting and trading, ensuring its compatibility with global efforts to address climate change.
Conclusion:
Both statements are correct. The National Carbon Registry enables countries to manage their national data and processes for trading carbon credits, and it was developed by the United Nations Development Programme (UNDP). The registry plays a crucial role in promoting transparency and accountability in carbon credit trading, contributing to global efforts to mitigate climate change.
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Consider the following statements regarding National Carbon Registry: It allows countries to manage national data and processes for trading carbon credits. It was developed by the United Nations Development Programme.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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