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
(B)
(d) Statement-I is incorrect but Statement-II is correct
ANS .C
Statement-1 Correct
Statement-II correct as Carbon markets transfer resources from the market to state