Match List I with List II: List I (Summit/Protocol)List II (Year)A. Montreal ProtocolI. 1992B. Rio SummitII. 2015C. Kyoto ProtocolIII. 1987D. Paris AgreementIV. 1997 Choose the correct answer from the options given below:

The market-based mechanism of carbon trading was officially initiated under which international treaty?

Which of the following statements about the Kyoto Protocol is/are correct? (a) The Kyoto Protocol was adopted in December 1997 and entered into force in February 2005. (b) It commits state parties to reduce greenhouse gas emissions based on agreed individual targets. (c) It is based on the principle of common but differentiated responsibilities and respective capabilities.