MCX: First exchange in Asia to trade in carbon credits - Environment & Biodiversity

Q.  Which exchange in India became the first exchange in Asia to trade in carbon credits?
- Published on 28 Aug 15

a. NSE
b. BSE
c. MCX
d. NCDEX

ANSWER: MCX
 
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one ton of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent (tCO2e) equivalent to one ton of carbon dioxide. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). Emission,s trading have been facilitated by the Kyoto Protocol. Europe has already started trading in the carbon credits.

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