Question: One Carbon Credit is defined as ______.
- Credit permit to release one ton of carbon dioxide.
- Providing loans to establish a unit which produces carbon dioxide for industrial use.
- Finding out one new business which can use and recycle greenhouse gases. Which of the following statements(s) is/are correct?
Options:
A) 3 only
B) 2 only
C) 1 only
D) 1, 2 and 3
Show Answer
Answer:
Correct Answer: C
Solution:
- 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 $ (CO _2) $ equivalent to one tonne of carbon dioxide.