- 3UPSC CSE I - 2023Consider the following statements :
- Statement-I : Carbon markets are likely to be one of the most widespread tools in the fight against climate change.
- Statement-II : Carbon markets transfer resources from the private sector to the State.
Which one of the following is correct in respect of the above statements?Show answerHide answer
Answer: B. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
View solution - 11UPSC CSE I - 2011Regarding "carbon credits", which one of the following statements is not correct ?
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Answer: D. Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
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