UPSC Prelims 2024·GS1·polity-and-governance·social justice and international relations

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?

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  1. ABoth Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. BBoth Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. CStatement-I is correct, but Statement-II is incorrectCorrect
  4. DStatement-I is incorrect, but Statement-II is correct

Explanation

Statement-I is correct. The European Parliament did approve the Net-Zero Industry Act (NZIA) in April 2024 (and it was later formally adopted by the Council in May 2024). This Act is a key part of the EU's Green Deal Industrial Plan, aiming to boost the manufacturing capacity of key clean technologies within the EU to meet climate targets. Statement-II is incorrect. The European Union's long-term goal for carbon neutrality (or climate neutrality) is by **2050**, not 2040. This target is enshrined in the European Climate Law. While the EU aims to significantly increase its clean technology production to reduce reliance on external suppliers, stating it aims to develop *all* of its own clean technology is an extreme and unrealistic claim, as global supply chains and international collaboration will remain essential. Therefore, Statement-I is correct, but Statement-II is incorrect.
polity-and-governance: Consider the following statements: Statement-I : The European Parliament approved The Net-Zero Industry Act recently. St
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