[amp_mcq option1=”The agreement has been signed between the World Bank and the Government of India.” option2=”The agreement shall be valid for the 10 years.” option3=”The agreement is for securing carbon credits for a project of Himachal Pradesh.” option4=”As per the agreement, one tonne of Carbon-di\u00c2\u00acoxide will be equivalent to one credit unit.” correct=”option4″]<\/p>\n
The correct answer is (d).<\/p>\n
The Emission Reduction Purchase Agreement (ERPA) signed with the World Bank in May 2011 is a 10-year agreement between the World Bank and the Government of India for securing carbon credits for a project in Himachal Pradesh. The agreement is based on the principle of “one tonne of carbon-di\u00c2\u00acoxide equivalent (tCO2e) = one credit unit”.<\/p>\n
Under the ERPA, the World Bank will purchase carbon credits from the Government of India for a period of 10 years. The credits will be generated from a project in Himachal Pradesh that aims to reduce greenhouse gas emissions. The project will involve the installation of a hydropower plant and the promotion of energy efficiency measures.<\/p>\n
The ERPA is a significant step in the fight against climate change. It will help to reduce greenhouse gas emissions and promote sustainable development in India.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
(a) The agreement has been signed between the World Bank and the Government of India. This is correct. The ERPA was signed by the World Bank and the Government of India on May 12, 2011.
\n(b) The agreement shall be valid for the 10 years. This is correct. The ERPA is a 10-year agreement.
\n(c) The agreement is for securing carbon credits for a project of Himachal Pradesh. This is correct. The ERPA is for securing carbon credits for a project in Himachal Pradesh that aims to reduce greenhouse gas emissions.
\n(d) As per the agreement, one tonne of Carbon-di\u00c2\u00acoxide will be equivalent to one credit unit. This is incorrect. Under the ERPA, one tonne of carbon-di\u00c2\u00acoxide equivalent (tCO2e) = one credit unit.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”The agreement has been signed between the World Bank and the Government of India.” option2=”The agreement shall be valid for the 10 years.” option3=”The agreement is for securing carbon credits for a project of Himachal Pradesh.” option4=”As per the agreement, one tonne of Carbon-di\u00c2\u00acoxide will be equivalent to one credit unit.” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-128","post","type-post","status-publish","format-standard","hentry","category-environment","no-featured-image-padding"],"yoast_head":"\n