Consider the following statements : Statement-I : The European Parliament approved The Net-Zero Industry Act recently. Statement-II : The European Union intends to achieve carbon neutrality by 2040 and therefore aims to develop all of its own clean technology by that time. Which one of the following is correct in respect of the above statements ?
A
Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
B
Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
C
Statement-I is correct, but Statement-II is incorrect
Correct answer
D
Statement-I is incorrect, but Statement-II is correct
Explanation
Statement I is correct: the European Parliament approved the Net-Zero Industry Act in April 2024 to scale up the EU's manufacturing of clean technologies. Statement II is wrong: the EU's legally binding target is climate neutrality by 2050, not 2040, and the Act aims for the EU to make at least 40% of its own clean-technology needs by 2030, not all of them. So Statement I is correct and Statement II is incorrect.
Climate Change