Q6. Consider the following statements about Emissions Trading Scheme (

1.	Q6. Consider the following statements about Emissions Trading Scheme (ETS): 1. An ETS is a market-based mechanism. 2. Under this mechanism a cap is set on the amount of carbon dioxide or other greenhouse gases that can be emitted by covered entities. 3. The emitters can only buy additional allowances from other entities to compensate for their deficiency. Which of the above statements are correct?
Answer» Q6. Consider the following statements about Emissions Trading Scheme (ETS): 1. An ETS is a market-based mechanism. 2. Under this mechanism a cap is set on the amount of carbon dioxide or other greenhouse gases that can be emitted by covered entities. 3. The emitters can only buy additional allowances from other entities to compensate for their deficiency. Which of the above statements are correct?

Q6. Consider the following statements about Emissions Trading Scheme (ETS): 1. An ETS is a market-based mechanism. 2. Under this mechanism a cap is set on the amount of carbon dioxide or other greenhouse gases that can be emitted by covered entities. 3. The emitters can only buy additional allowances from other entities to compensate for their deficiency. Which of the above statements are correct?

Answer»

Q6. Consider the following statements about Emissions Trading Scheme (ETS):

1. An ETS is a market-based mechanism.

2. Under this mechanism a cap is set on the amount of carbon dioxide or other greenhouse gases that can be emitted by covered entities.

3. The emitters can only buy additional allowances from other entities to compensate for their deficiency.

Which of the above statements are correct?