Current Affairs · Environment
Which of the following statements with respect to global carbon markets and carbon pricing, as highlighted in the recent report, is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1India is in the process of implementing its Carbon Credit Trading Scheme
- 2In 2005, more than 25 per cent of global emissions were already under carbon pricing✓
- 3Nearly 28 per cent of global greenhouse gas emissions are now covered by direct carbon pricing
- 4Carbon markets have crossed USD 100 billion in global revenues for the second consecutive year
Correct answer
In 2005, more than 25 per cent of global emissions were already under carbon pricing
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