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What do you understand by carbon credit? A. It is a credit program initiated by the IPCC to provide loans for technology upgradation. B. It is a credit awarded to the institution based on the carbon emissions allowed and the carbon emissions actually emitted. It can also be traded. C. It is a program initiated by the IMF to fund environmentally friendly technology. D. It is a program to fund environmentally friendly cooking options.

What do you understand by carbon credit? A. It is a credit program initiated by the IPCC to provide loans for technology upgradation. B. It is a credit awarded to the institution based on the carbon emissions allowed and the carbon emissions actually emitted. It can also be traded. C. It is a program initiated by the IMF to fund environmentally friendly technology. D. It is a program to fund environmentally friendly cooking options. Correct Answer B 

The correct answer is It is a credit awarded to the institution based on the carbon emissions allowed and the carbon emissions actually emitted. It can also be traded.

  • "Carbon credit" plans to control emissions in the international industry.
  • The 'United Nations Framework Work Connection on Climate Change' for 'Carbon Emissions' has set the criteria and criteria, UNFCCC is part of the United Nations.
  • By contacting the UNFCCC, you can control the carbon emission level determined according to its criteria.
  • If you are emitting carbon below that specified level then the difference between the set level and the carbon you emit will be called your "carbon credit".
  • This process is also going to provide benefits along with "environmental protection".

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