Question

What is the carbon credit? 

(a) It is the difference between the carbon emission allowed and actually emitted carbon 

(b) It is the loan amount by IMF for reducing pollution 

(c) It is loan given to poor people for buying Modern Stoves 

(d) All of the above

Answer 1

Correct option: (a) It is the difference between the carbon emission allowed and actually emitted carbon

Explanation:

Carbon credit shows that a country or any entity emits the carbon below the limit prescribed by the government, hence the country or entity can sell it in exchange where carbon credits are traded.