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34

Question 34

Set 1

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QQuestion

Consider the following statements : Statement I: Article 6 of the Paris Agreement on climate change is frequently discussed in global discussions on sustainable development and climate change. Statement II: Article 6 of the Paris Agreement on climate change sets out the principles of carbon markets. Statement III : Article 6 of the Paris Agreement on climate change intends to promote inter-country non-market strategies to reach their climate targets. Which one of the following is correct in respect of the above statements?

OOptions

A
A) Both Statement II and Statement III are correct and both of them explain Statement I
B
B) Both Statement II and Statement III are correct but only one of them explains Statement I
C
C) Only one of the Statements II and III is correct and that explains Statement I
D
D) Neither Statement II nor Statement III is correct

✓Correct Answer

A) Both Statement II and Statement III are correct and both of them explain Statement I

DDalvoy Solutions

Statement I: Article 6 of the Paris Agreement is indeed frequently discussed in global sustainability and climate discussions as it provides mechanisms for international cooperation.

Statement II: Correct and explains Statement I. Article 6 establishes the framework for international carbon markets, allowing countries to trade carbon credits and use market mechanisms to achieve their climate targets more cost-effectively.

Statement III: Correct and explains Statement I. Article 6 also promotes non-market approaches for international cooperation, such as technology transfer, capacity building, and climate finance, providing alternatives to market-based mechanisms for countries to collaborate on climate action.

Both market and non-market approaches under Article 6 make it a central topic in international climate discussions.

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For international climate agreement questions, remember that modern climate frameworks typically include both market-based mechanisms (carbon trading) and non-market approaches (technology transfer, finance).

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Environment & Ecology - International climate agreements and carbon markets

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Medium difficulty - requires knowledge of Paris Agreement mechanisms

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