Regarding “carbon credits”, which one of the following statements is not correct?
- (a)The carbon credit system was ratified in conjunction with the Kyoto Protocol
- (b)Carbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota
- (c)The goal of the carbon credit system is to limit the increase of carbon dioxide emission
- (d)Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
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Official answer(d) Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme