A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as Surat ETS was indeed the world's first cap-and-trade market targeting particulate matter emissions. Statement 2 is incorrect because the scheme utilizes CEMS (Continuous Emission Monitoring Systems) for real-time tracking rather than relying solely on manual inspections by the Ministry of Rural Development.
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