UPSC PRELIMS · ECONOMICS · INTERNATIONAL ECONOMY: GREEN INDUSTRY
Consider the following statements: Statement-I: The European Parliament approved the Net-Zero Industry Act. Statement-II: The European Union intends to achieve carbon neutrality by 2040 and therefore aims to develop all its own clean technologies by that year. Which one of the following is correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
The European Parliament approved the Net-Zero Industry Act, but the EU's legally established climate-neutrality target is 2050 rather than 2040. Therefore Statement-I is correct and Statement-II is incorrect.
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