Question
Download Solution PDFOne Carbon credit is accepted equivalent to-
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 1000kg of Carbon dioxideKey Points
- One carbon credit is accepted as equivalent to 1000 kg of carbon dioxide.
- It is the difference between the carbon emissions allowed and actually emitted carbon.
- A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases.
- One credit permits the emission of a mass equal to one ton of carbon dioxide.
Additional Information
- The United Nations' Intergovernmental Panel on Climate Change (IPCC) developed a carbon credit proposal to reduce worldwide carbon emissions in a 1997 agreement known as the Kyoto Protocol.
- The agreement set binding emission reduction targets for the countries that signed it.
- Another agreement, known as the Marrakesh Accords, spelled out the rules for how the system would work..
Last updated on Jun 12, 2025
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