Question : The Energy Conservation (Amendment) Bill amends the Energy Conservation Act, 2001 to empower the central government to specify a _______.
Option 1: carbon credit trading scheme
Option 2: coal-based station
Option 3: coastal regulation scheme
Option 4: eco-sensitive zone
Correct Answer: carbon credit trading scheme
Solution : The correct option is the carbon credit trading scheme .
It was released by the Ministry of Power. Previously, the bill was amended in 2010. Carbon credit trading refers to a system designed to reduce greenhouse gas (GHG) emissions. The basic idea is to establish a market where companies or entities can buy or sell carbon credits based on their emission levels.
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