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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?

UPSC · 2024 · International Relations
Question:
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?

Options

Both Statement-I and Statement-II are correct and Statement-I explains Statement-II
Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
Statement-I is correct, but Statement-II is incorrect
Statement-I is incorrect, but Statement-II is correct
Answer: Statement-I is correct, but Statement-II is incorrect

Explanation:
The European Parliament approved the Net-Zero Industry Act to boost clean-tech manufacturing. However, the EU target for carbon neutrality is 2050, not 2040.

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