Consider the following statements :
Statement-I :
Carbon markets are likely to be one of the most widespread tools in the fight against climate change.
Statement-II :
Carbon markets transfer resources from the private sector to the State.
Which one of the following is correct in respect of the above statements?
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Answer: B. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
Answer from the official UPSC key. A full explanation for this question is on its way.