Consider the following statements:
1. Clean Development Mechanism (CDM) did not allow for company projects in developing countries, with no mandated emission reduction targets to trade in Certified Emission Reduction (GER) with the countries that have such targets.
2. One Certified Emission Reduction (GER) is equivalent to a reduction of ten tonnes of carbon.
Which of the statements given above is/are correct?

Only 1

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Only 2

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is D Neither 1 nor 2
The Clean Development Mechanism is one of the mechanisms of the Kyoto Protocol which was adopted in 1997. CDM allows an Annex B country with emission reduction targets to implement emission-reduction projects in developing countries which may not be having any targets. Developed countries can earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of carbon dioxide, which can be counted towards meeting Kyoto targets.

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