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___________ is a permit which allows a country or organization to produce certain amount of carbon emissions.1. Carbon stock2. Carbon store3. Carbon copy4. Carbon credit

Answer» Correct Answer - Option 4 : Carbon credit 

The correct answer is Carbon credit.

  • Carbon credits work as a certification that businesses or individuals owning them are counterbalancing the emission of greenhouse gases (GHG).
    • A carbon credit represents the right to emit a measured amount of GHG.
    • Carbon credits were devised as a market-oriented mechanism to reduce greenhouse gas emissions.
    • Companies get a set number of credits, which decline over time.
    • They can sell any excess to another company.

  • A carbon credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other greenhouse gases.
  • One credit permits the emission of a mass equal to one ton of carbon dioxide.
  • Under the prevailing Kyoto Protocol climate agreement, carbon credits are used in the market-based system of Carbon Trading.
  • Carbon trading allows countries and companies to sell their carbon credits for money.


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