One Carbon Credit is defined as ____ 

1. Credit permit to release one ton of carbon dioxide. 

2. providing loans to establish a unit which produces carbon dioxide for industrial use. 

3. Finding out one new business which can use and recycle greenhouse gases.

Which of the following statements(s) is/are correct? 

(a) 3 only (b) 2 only (c) 1 only (d) 1, 2 and 3

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1 Answers

(c) A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one tonne of carbon dioxide.

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