CURRENT AFFAIRS

Detailed explanation-1: -What is the United Nations Carbon Offset Platform? A short answer would be that the UN Carbon Offset Platform is an e-commerce platform where a company, an organization or a regular citizen can purchase units (carbon credits) to compensate greenhouse gas emissions or to simply support action on climate.

Detailed explanation-2: -In summary, it can be concluded that the annual CO2 offsetting rate varies from 21.77 kg CO2/tree to 31.5 kg CO2/tree. To compensate 1 tonne of CO2, 31 to 46 trees are needed.

Detailed explanation-3: -A single mature tree, meanwhile, may take in about 50 pounds of carbon dioxide per year. At this rate, it would take 640 trees per person to account for all American emissions, which adds up to more than 200 billion trees.

Detailed explanation-4: -The CDM allows emission-reduction projects in developing countries to earn certified emission reduction ( CER ) credits, each equivalent to one tonne of CO2 . These CER s can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.