Consider the following statements: **Statement-I:** The European Parli…

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?

Accepted Answer

C. Statement-I is correct, but Statement-II is incorrect

Answer: C. Statement-I is correct; Statement-II is incorrect.
Statement-I: The European Parliament approved the Net-Zero Industry Act recently. CORRECT. The EU's Net-Zero Industry Act was approved by the European Parliament in November 2023 and formally adopted by the Council in May 2024. It aims to scale up EU manufacturing of clean technologies (solar PV, wind, batteries, electrolysers, heat pumps, etc.) to 40% of EU's annual deployment needs by 2030.
Statement-II is WRONG on two counts. First, the EU's stated target is carbon neutrality by 2050, NOT 2040 (some sectoral targets exist for 2040 but the overall climate-neutrality target is 2050 under the European Climate Law). Second, the Net-Zero Industry Act aims to manufacture 40% of clean tech domestically, not 'ALL' of it.
So Statement-II contains factual errors.
Source: European Commission Net-Zero Industry Act communication / European Climate Law (Regulation EU 2021/1119).

Answer

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

Answer

Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I

Answer

Statement-I is incorrect, but Statement-II is correct