Which one of the following statements regarding the Emission

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Which one of the following statements regarding the Emission Reduction Purchase Agreement signed with the World Bank in May, 2011 is not correct?

U.P.P.C.S. (Mains) 2010

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

The agreement has been signed between the World Bank and the Government of India.

The agreement shall be valid for ten years.

The agreement is for securing carbon credits for a project of Himachal Pradesh.

As per the agreement, one ton of carbon-di-oxide will be equivalent to one credit unit.

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