Consider the following statements: Statement I: The European Parliament approved The Net-Zero Industry Act recently.

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?

(a) Both Statement I and Statement II are correct and Statement II explains Statement I
(b) Both Statement I and Statement II are correct, but Statement II does not explain Statement I
(c) Statement I is correct, but Statement II is incorrect
(d) Statement I is incorrect, but Statement II is correct

Correct Answer: (c) Statement I is correct, but Statement II is incorrect

Explanation:

• Statement I is correct. The European Parliament approved The Net-Zero Industry Act recently.
• Statement II is incorrect. The European Union aims to achieve carbon neutrality by 2050, not 2040.
  Possible Sources: Official EU announcements and climate policy documents.