Consider the following statements:
* Statement-I: Carbon markets a...

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

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Answer

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

Answer

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

Answer

Statement-I is correct but Statement-II is incorrect

Answer

Statement-I is incorrect but Statement-II is correct