2020 Q19: Regarding carbon credits, which statement is not correct?

A. (a) The carbon credit system was ratified with the Kyoto Protocol

B. (b) Credits are awarded for reducing emissions below quotas

C. (c) The goal is to limit the increase in CO2 emissions

D. (d) Credits are traded at a price fixed by UNEP

Explanation: Carbon credits are traded on markets; their price is not fixed by UNEP.

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