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

Question

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

Accepted Answer

(D) Carbon credits are traded at a price fixed from time to time of the United Nation Environment Programme

Answer

(A) The carbon credit system was ratified in conjunction with the Kyoto Protocol

Answer

(B) Carbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota

Answer

(C) The goal of the carbon credit system is to limit the increase of carbon dioxide emission