Q46.
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 ?
Answer
C
Explanation
Statement I is correct: Recently the European Parliament approved the Net-Zero industry Act to bolster EU production in technologies needed for decarbonisation. The "Net-Zero industry Act" sets a target for Europe to produce 40% of its annual deployment needs in net-zero technologies by 2030, based on National Energy and Climate Plans (NECPs) and to capture 15% of the global market value for these technologies. Statement II is not correct: The EU aims to be climate- neutral by 2050 – an economy with net-zero greenhouse gas emissions.