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Environment › Rio Family/UNFCCC/IPCC

Environment › Rio Family/UNFCCC/IPCC

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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?

Options

(a)

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

(b)

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

(c)

Statement-I is correct but Statement-II is incorrect

(d)

Statement-I is incorrect but Statement-II is correct

Answer

(B)