434.Consider the following statements about carbon credits :#
- 1. It is a generic term used for any tradable certificate or permit representing the right to emit a certain amount of carbon dioxide or other greenhouse gases.
- 2. One carbon credit represents the reduction or removal of one metric ton of carbon dioxide or an equivalent amount of another greenhouse gas.
- 3. The Clean Development Mechanism (CDM) under the Kyoto Protocol allows developed countries to earn carbon credits by investing in emission-reduction projects in other developed as well as developing countries.
- 4. There are dedicated markets for trading in carbon credits such as the EU Emissions Trading System (EU ETS).
Which of the above statements are correct ?
- A1, 2, and 3 only
- B1, 2, and 4 only
- C2, 3, and 4 only
- DAll of the above