Consider the following statements: Statement-I: Carbon markets are likely to be one of the most widespread…

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?
  1. Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  2. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  3. Statement-I is correct but Statement-II is incorrect
  4. Statement-I is incorrect but Statement-II is correct

Solution

Per the official UPSC key, the answer is B. Many coaching keys marked C, arguing carbon markets transfer resources between private players rather than to the State.

Asked in: UPSC Prelims 2023

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