People Development & Environment Basics of Environment Environment

Regarding "Carbon Credits", which one of the following statement is not correct? 

1
Carbon credits are traded at a price fixed from time to time by the United Nations Environment Programme
2
The carbon credit system was ratified in conjunction with the Kyoto Protocol 
3
The Goal of the carbon credit system is to limit the increase of carbon emission quota 
4
Carbon credits are awarded to countries or groups that have reduced green house gases below their emission quota

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