Consider the following statements:
Statement-I: Carbon markets are likely to be one of the most widespread tools in the fight against climate change.
Statement-II: Carbon markets transfer resources from the private sector to the State.

Which one of the following is correct in respect of the above statements?

Question

Consider the following statements: 
Statement-I: Carbon markets are likely to be one of the most widespread tools in the fight against climate change. 
Statement-II: Carbon markets transfer resources from the private sector to the State.

Which one of the following is correct in respect of the above statements?

Accepted Answer

B. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Answer

A. Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Answer

C. Statement-I is correct but Statement-II is incorrect

Answer

D. Statement-I is incorrect but Statement-II is correct.

Linked Syllabus Concepts