Regarding ‘carbon credits’ which one of the foll

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Regarding ‘carbon credits’ which one of the following statements is not correct?

I.A.S. (Pre) 2011

[GHGs, Climate Law & Ozone Layer, EPA, Kyoto, Montreal Etc]

The carbon credit system was ratified in conjunction with the Kyoto Protocol

Carbon credits are awarded to countries or groups that have reduced greenhouse gases below their emission quota

The goal of the carbon credit system is to limit the increase of carbon dioxide emission

Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme

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