CCP Climate Policy & International Agreements 3

Question 1

Which US domestic policy framework, enacted in 2022, represents the largest climate investment in US history?

Accepted Answer

The Inflation Reduction Act (IRA)

Answer

The Clean Power Plan

Answer

The Infrastructure Investment and Jobs Act

Answer

The American Clean Energy and Security Act

Question 2

What is the purpose of the 'pledge and review' architecture of the Paris Agreement versus the Kyoto Protocol's 'cap and trade' approach?

Accepted Answer

Pledge and review relies on countries setting their own targets with transparency and peer pressure rather than top-down binding caps

Answer

Pledge and review sets stricter legally binding targets enforced by trade sanctions

Answer

Pledge and review eliminates the need for carbon markets entirely

Answer

Pledge and review applies only to developed nations, unlike Kyoto

Question 3

Under the UNFCCC, which category includes countries with special financial and technical transfer obligations to developing nations?

Accepted Answer

Annex II countries

Answer

Annex I countries

Answer

Non-Annex I countries

Answer

Least Developed Countries (LDCs)

Question 4

The Kigali Amendment to the Montreal Protocol targets which substance for phase-down due to its high global warming potential?

Accepted Answer

Hydrofluorocarbons (HFCs)

Answer

Sulfur hexafluoride (SF6)

Answer

Nitrous oxide (N2O)

Answer

Perfluorocarbons (PFCs)

Question 5

What is the primary legal distinction between the Paris Agreement's temperature goal and its NDC commitment process?

Accepted Answer

The temperature goal is aspirational, while the obligation to submit and maintain NDCs is legally binding

Answer

Both the temperature goal and NDC targets are legally binding on all parties

Answer

NDC targets are legally binding but the temperature goal is voluntary

Answer

Neither the temperature goal nor NDC submissions carry any legal obligation

Question 6

Which concept describes the total amount of greenhouse gases that can be emitted globally while still having a reasonable chance of meeting the 1.5°C target?

Accepted Answer

Remaining carbon budget

Answer

Cumulative emission budget

Answer

Net-zero pathway

Answer

Carbon neutrality threshold

Question 7

Under the Paris Agreement's transparency framework, what is a Biennial Transparency Report (BTR)?

Accepted Answer

A standardized report all Parties must submit every two years covering GHG inventories and NDC progress

Answer

A report submitted every two years by developed nations on financial flows to developing countries only

Answer

A corporate-level ESG disclosure required by the SEC every other year

Answer

An IPCC synthesis report released on a biennial cycle