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UPSC PYQPrelims 2023

Civil Services Examination · Question 23

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?

  1. Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  2. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  3. Statement-I is correct but Statement-II is incorrect
  4. Statement-I is incorrect but Statement-II is correct
Show answer & explanation

Answer: (C) Statement-I is correct but Statement-II is incorrect

Explanation

Carbon markets are a key climate tool, but they trade credits mainly between private entities; they do not transfer resources to the State.