Environment & Ecology · Environment
With reference to the Green Credit Programme (GCP) in India, consider the following statements: Statement I: Green Credits are incentive units awarded for environmentally positive activities and can be traded on a domestic platform. Statement II: Green Credits are issued under the Energy Conservation Act, 2001 and are primarily aimed at reducing carbon emissions. 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 does not explain Statement I
- 4Both Statement I and Statement II are correct, and Statement II explains Statement I
Correct answer
Statement I is correct, but Statement II is incorrect
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