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UPSC Prelims 2023 Paper-1 📅 28 May, 2023

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?

A
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
B
Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
C
Statement-I is correct but Statement-II is incorrect
D
Statement-I is incorrect but Statement-II is correct
Result Summary
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APEDIA

UPSC Prelims
2023 • 28 May, 2023 • Paper-1
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?
Correct Answer
Statement-I is correct but Statement-II is incorrect
Subject: Environment.Context: Carbon Markets.Details: Statement I is correct; carbon pricing and trading are globally recognized as scalable and efficient tools......
Ref/Book : UPSC Prelims 2023
Ref. Subject Environment
Chapter -
Ref. Topic Climate Change Mitigation
Pg. No -
💡 Analysis & Explanation
Subject ▼
Environment.
Context ▼
Carbon Markets.
Details ▼
Statement I is correct; carbon pricing and trading are globally recognized as scalable and efficient tools to incentivize emission reductions. Statement II is incorrect; carbon markets primarily facilitate the transfer of resources and capital between private entities (e.g., heavily polluting industries buying credits from green technology firms), not necessarily from the private sector to the government.
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