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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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1
(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1
(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct?
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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1
(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1
(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct?
Most Upvoted Answer
Consider the following statementsStatement-1: Carbon markets are likel...
Statement Analysis:
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.
Correctness of the Statements:
Statement-I: Carbon markets have been recognized as an effective tool in combating climate change. By putting a price on carbon emissions, carbon markets create economic incentives for companies to reduce their greenhouse gas emissions. This can lead to a decrease in overall emissions and contribute to the global effort to combat climate change. Therefore, Statement-1 is correct.
Statement-II: While it is true that carbon markets involve the trading of carbon credits, which can result in the transfer of resources from the private sector to the State in some cases, this statement oversimplifies the complexity of carbon markets. In reality, carbon markets involve a range of actors, including governments, businesses, and individuals, and the flow of resources is not solely from the private sector to the State. Therefore, Statement-II is not entirely correct.
Therefore, the correct answer is:
(b) Both Statement-I and Statement-II are correct, but Statement-II is not the correct explanation for Statement-1.
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.
Correctness of the Statements:
Statement-I: Carbon markets have been recognized as an effective tool in combating climate change. By putting a price on carbon emissions, carbon markets create economic incentives for companies to reduce their greenhouse gas emissions. This can lead to a decrease in overall emissions and contribute to the global effort to combat climate change. Therefore, Statement-1 is correct.
Statement-II: While it is true that carbon markets involve the trading of carbon credits, which can result in the transfer of resources from the private sector to the State in some cases, this statement oversimplifies the complexity of carbon markets. In reality, carbon markets involve a range of actors, including governments, businesses, and individuals, and the flow of resources is not solely from the private sector to the State. Therefore, Statement-II is not entirely correct.
Therefore, the correct answer is:
(b) Both Statement-I and Statement-II are correct, but Statement-II is not the correct explanation for Statement-1.
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Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct?
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Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct?.
Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statementsStatement-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-1 and Statement-II are correct and Statement-II is the correct explanation for Statement-1(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1(c) Statement-I is correct Statement-II is incorrect (d) Statement-1 is incorrect Statement-II is correct?.
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