Consider the following statements: ...Read more
Statement 1 is accurate: Carbon markets, once considered ineffective, have finally emerged as one of the most prominent mechanisms in the battle against climate change. By the end of 2021, over 21% of global emissions were subject to some form of carbon pricing, an increase from 15% in 2020. More anRead more
Statement 1 is accurate: Carbon markets, once considered ineffective, have finally emerged as one of the most prominent mechanisms in the battle against climate change. By the end of 2021, over 21% of global emissions were subject to some form of carbon pricing, an increase from 15% in 2020. More and more businesses are required to compensate regulators for the privilege of emitting a ton of carbon dioxide. Investor interest is also rising, as trading volumes in these markets surged by 164% last year, reaching €760 billion ($897 billion).
Statement 2 is also accurate. Carbon markets play a crucial role in mobilizing financial resources and minimizing costs, thereby providing countries and corporations the flexibility to transition to low-carbon economies. It is projected that carbon credit trading could lower the expense of fulfilling Nationally Determined Contributions (NDCs) by over 50%—potentially saving as much as $250 billion by 2030. In the long run, however, carbon markets may become obsolete as countries achieve net-zero emissions, reducing the necessity for emission trading.
Therefore, the correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
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Let's analyze the statements: Statement-I: Marsupials are not naturally found in India. This statement is correct. Marsupials, such as kangaroos and koalas, are primarily found in Australia and nearby islands. They are not native to India. Statement-II: Marsupials can thrive only in montane grasslanRead more
Let’s analyze the statements:
Statement-I: Marsupials are not naturally found in India. This statement is correct. Marsupials, such as kangaroos and koalas, are primarily found in Australia and nearby islands. They are not native to India.
Statement-II: Marsupials can thrive only in montane grasslands with no predators. This statement is incorrect. Marsupials inhabit a wide variety of environments, including forests, grasslands, and deserts. They are not limited to montane grasslands and can coexist with predators, as evidenced by their presence in diverse habitats in Australia, where they have adapted to various ecological niches.
Therefore, the correct answer is: Statement-I is correct but Statement-II is incorrect.
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