Correct answer: (b) Both Statement-I and Statement-II are correct and Statement- II is not the correct explanation for Statement-I
Explanation
- A
Both Statement-I and Statement-II are correct and Statement- II is the correct explanation for Statement-I
Both correct and II explains I. Markets are widespread; resource transfer to the State is not the reason they spread.
- B
Both Statement-I and Statement-II are correct and Statement- II is not the correct explanation for Statement-I
Both correct but II does not explain I. Carbon markets are a main climate tool; they can move money from firms to government, but that is not why they are widespread.
- C
Statement-I is correct but Statement- II is incorrect
I correct, II incorrect. Compliance markets do involve the State.
- D
Statement-I is incorrect but Statement-II is correct.
I incorrect, II correct. Article 6 / ETS markets are central to climate policy.
Summary. Official key is (b). Carbon markets (ETS, offsets, Article 6) are among the most used climate instruments. They can transfer resources from private emitters to the State (allowance auctions, taxes as cousins). That fiscal fact does not explain their spread — mitigation efficiency does — so II does not explain I.
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