Carbon market UPSC PRELIMS 2023 – The Core IAS

Carbon market UPSC PRELIMS 2023

        Consider the following statements:

        Statement-1:         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?

        (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 incorrect but Statement-II is correct

        (d)   Statement-I is incorrect but Statement-II is correct

ANS .C

Statement-1 Correct

Statement-II incorrect as Carbon markets transfer resources from the state to Market