Environment & Ecology · Environment
Consider the following statements regarding the Carbon Credit Monetisation Framework approved by the Delhi Cabinet: Statement I: The Framework allows the Delhi government to scientifically measure emission reductions from green initiatives and convert them into carbon credits that can be sold in national and international markets. Statement II: As per the Indian Constitution, revenues earned from selling carbon credits by a State Government must be deposited in the Public Account of the State and cannot be used for public welfare schemes. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.✓
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is correct, but Statement II is incorrect.
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