Question Details

Detailed explanation and options for the selected question.

Regarding carbon credits, which of the following statements is not correct?

A. The carbon credit system was ratified with the Kyoto Protocol
B. Credits are awarded for reducing emissions below quotas
C. The goal is to limit the increase in CO2 emissions
D. Credits are traded at a price fixed by UNEP

Explanation:

Carbon credits are traded on a market and their price is not fixed by UNEP.