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 ?
Show answer
Answer: C. Statement I is correct: the European Parliament approved the Net-Zero Industry Act in April 2024, before the exam. Statement II is wrong: the EU's target is climate neutrality by 2050, not 2040, and the Act aims to make about 40% of the EU's clean technology needs at home by 2030, not all of them. So I is correct and II is wrong.
Watch for: 2040 is the year of the EU's proposed 90% emission-cut target, which makes '2040 carbon neutrality' sound familiar.
Why the other options are wrong
- A. Wrong because Statement II has the wrong target year and overstates the goal.
- B. Wrong because Statement II is false.
- D. Wrong because the Net-Zero Industry Act was approved by the European Parliament.
Source to check: European Parliament press release on the Net-Zero Industry Act (25 April 2024); European Climate Law, Regulation (EU) 2021/1119
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.