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-

Question

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?

Accepted Answer

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

Answer

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

Answer

(C) Statement-I is correct but Statements-II is incorrect

Answer

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