A “carbon credit” is a tradable certificate. More specifically, it is a permit that gives the holder the right to emit, over a certain period, carbon dioxide or other greenhouse gases
Carbon credits are generated from projects around the world that pull Greenhouse Gases (GHGs) out of the atmosphere, or keep them out altogether.
For more relevant articles refer to the links given below:
- UPSC Environment and Ecology Questions
- Environment & Ecology Trend Analysis: UPSC Strategy
- UPSC Environment and Ecology
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