Consider the following statements :Statement-I :The European Parliament approved The Net-Zero Industry Act recently.Statement-II :The European Union intends to achieve carbon neutrality by 2040 and therefore aims to develop all of its own clean technology by that time.Which one of the following is correct in respect of the above statements ?

1. A

   Both Statement-I and Statement-II are correct and Statement- II explains Statement-I

   Both correct and II explains I. Statement-II is wrong on the 2040 / “all own tech” claim.

2. B

   Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I

   Both correct but II does not explain I. II is still incorrect.

3. C

   Statement-I is correct, but Statement-II is incorrect

   I correct, II incorrect. Net-Zero Industry Act passed; EU climate-neutrality target is 2050, not 2040, and not autarky in all clean tech.

4. D

   Statement-I is incorrect, but Statement-II is correct

   I incorrect, II correct. The Act was approved.

Summary. Official key is (c). The European Parliament did approve the Net-Zero Industry Act. The EU’s climate-neutrality target is 2050, not 2040, and the Act is about scaling manufacturing of strategic net-zero technologies in Europe, not producing “all of its own clean technology” by 2040. So I is true and II is false.