Environment & Ecology · Environment
Which of the following best describes the term 'carbon credit'?
- 1It is a monetary credit awarded by banks for green investments.
- 2It is a measure of the total greenhouse gas emissions expressed as carbon dioxide equivalent.
- 3It is a tradable permit or certificate giving the holder the right to emit one tonne of carbon dioxide.✓
- 4It is a tax levied on all fossil fuels in proportion to carbon dioxide emissions.
Correct answer
It is a tradable permit or certificate giving the holder the right to emit one tonne of carbon dioxide.
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