What are carbon credits?
A) Credits given to countries that produce more oil than they consume
B) Credits given to countries that install the most pollution equipment per capita
C) Credits which are purchased by countries that give them the right to pollute the atmosphere
D) Credits which must be purchased by countries after they have been found guilty of polluting the atmosphere
E) Credits that are given to countries for producing the carbon that is needed to make oil

Question

Quizplus · Accepted Answer

Carbon credits are a market-based mechanism for reducing greenhouse gas emissions. They are a type of permit that allows countries, organizations or individuals to emit a certain amount of carbon dioxide or other greenhouse gases. These credits can be bought and sold, and the idea is that they create an economic incentive for polluters to reduce their emissions because they will save money by not having to purchase as many credits. Therefore, choice C is the correct answer as it describes the purchase of carbon credits by countries for the right to pollute the atmosphere.

What Are Carbon Credits