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      Question

      Incentives given to industrial undertaking for reduction

      in emission of GHGs (Green House Gases) are called?
      A Green Credit Correct Answer Incorrect Answer
      B Black Credit Correct Answer Incorrect Answer
      C Carbon Credit Correct Answer Incorrect Answer
      D Air Credit Correct Answer Incorrect Answer
      E Pure Credit Correct Answer Incorrect Answer

      Solution

      Carbon Credits are incentives given to industrial undertaking for reduction in emission of GHGs (Green House Gases), including carbon dioxide, by switching over to wind and solar energy or installation of energy-efficient machinery. The Kyoto Protocol commits certain developed countries to reduce their GHG emissions and for this they will be given carbon credits. A reduction in emissions entitles the entity to a credit in the form of a Certified Emission Reduction (CER) certificate.

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