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Correct Answer: Option (C) — Statement-I is correct, but Statement-II is incorrect
Concept & Option Breakdown
Standard Reference VerifiedStatement-I is correct: The European Parliament approved the Net-Zero Industry Act (NZIA) to scale up manufacturing capacity for clean technologies in the EU. Statement-II is incorrect: Under the European Climate Law and European Green Deal, the European Union's legally binding target for climate neutrality is 2050 (not 2040). By 2040, the EU aims for an intermediate 90% net emissions reduction compared to 1990 levels.
The EU's net-zero carbon neutrality target year under the Paris Agreement and EU Green Deal is widely standardized at 2050, making 2040 an incorrect factual figure.
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