GK
GENERAL SCIENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Earth Summit, Rio de Janeiro
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Kyoto Protocol
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Montreal Protocol
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G-8 Summit, Hciligendamm
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Detailed explanation-1: -The correct answer is Kyoto Protocol. Kyoto Protocol introduced the concept of carbon credits as per which a country gets credits to reduce carbon emissions in the atmosphere.
Detailed explanation-2: -A carbon credit (often called a carbon offset) is a credit for greenhouse emissions reduced or removed from the atmosphere by an emission reduction project, which can be used by governments, industry, or private individuals to compensate for the emissions they generate elsewhere.
Detailed explanation-3: -Trade in carbon credits began as part of the 1997 UN Kyoto Protocol, the first international agreement to cut CO2 emissions. Its Clean Development Mechanism (CDM) allowed industrialized countries to reduce emissions abroad where that might be cheaper than at home, such as by planting trees in the tropics.