πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What is the significance of the Carbon Credit Trading

      Scheme (CCTS) mentioned in the Economic Survey 2023-24?
      A It imposes a carbon tax on industries Correct Answer Incorrect Answer
      B It provides subsidies for renewable energy projects Correct Answer Incorrect Answer
      C It establishes a compliance mechanism for GHG emission targets Correct Answer Incorrect Answer
      D It funds reforestation projects Correct Answer Incorrect Answer
      E It promotes international carbon credit exchange Correct Answer Incorrect Answer

      Solution

      The Carbon Credit Trading Scheme (CCTS) discussed in the Economic Survey 2023-24 is a compliance mechanism that sets GHG emission intensity targets for entities, allowing them to trade carbon credits if they exceed their targets, thereby promoting emissions reduction.

      Practice Next
      ask-question