Question : The term "carbon offsetting" refers to:

Option 1: Reducing carbon emissions through technological advancements

Option 2: Investing in renewable energy projects to compensate for carbon emissions

Option 3: Capturing and storing carbon dioxide underground

Option 4: Using carbon capture and storage (CCS) technology in power plants

Correct Answer: Investing in renewable energy projects to compensate for carbon emissions

Solution : The correct answer is (B) Investing in renewable energy projects to compensate for carbon emissions.

Carbon offsetting is a practice that involves taking actions to compensate for carbon dioxide (CO2) emissions by investing in projects or activities that reduce or remove greenhouse gas emissions from the atmosphere. The idea behind carbon offsetting is to balance out the carbon footprint of an individual, organization, or event by supporting initiatives that have a positive environmental impact.

By investing in renewable energy projects, such as wind farms, solar power plants, or hydroelectric projects, carbon offsetting aims to offset or neutralize the emissions generated from activities that produce carbon dioxide. These renewable energy projects replace or reduce the need for fossil fuel-based energy sources, which results in a reduction of greenhouse gas emissions.

Carbon offsetting is often used by individuals, businesses, and organizations as a way to take responsibility for their carbon footprint and contribute to global efforts in mitigating climate change. It provides a means to support sustainable development and the transition to a low-carbon economy.