Question map
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 ?
Explanation
The correct answer is option C because Statement-I is correct while Statement-II contains inaccuracies.
Statement-I is correct as the Net-Zero Industry Act (NZIA) was adopted in[2] the European Parliament Committee on Industry, Research and [1]Energy (ITRE) in February 2024 and came into force throughout the European Union on 29 June 2024.
However, Statement-II is incorrect on two counts. First, the EU committed to achieving climate neutrality by 2050, not 2040[3]. Second, the EU does not aim to develop "all" of its own clean technology by the target year. Instead, the European Union aims to reach 15% of world production of the net-zero technologies by the year 2040[4], and aims at almost 90% of the Union's battery annual demand being met by the Union's battery manufacturers by 2030[4]. This demonstrates a goal for significant domestic manufacturing capacity in specific strategic technologies, not complete self-sufficiency across all clean technologies.
Therefore, while the first statement accurately describes the approval of the NZIA, the second statement incorrectly states both the carbon neutrality target year and the extent of domestic clean technology development goals.
Sources- [3] https://www.sciencedirect.com/science/article/pii/S1364032125009451
PROVENANCE & STUDY PATTERN
Guest previewA classic 'Current Affairs + Logic' trap. While the Act itself is specific current affairs, Statement II is designed to be eliminated using general awareness (EU's 2050 target) and the 'Extreme Word' heuristic ('all of its own'). You didn't need to read the full Act text to kill Statement II.
This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.
- Statement 1: On what date did the European Parliament approve the Net-Zero Industry Act?
- Statement 2: What is the European Union's official target year for achieving climate neutrality (net zero emissions) according to EU legislation or official policy?
- Statement 3: Do EU policies or the Net-Zero Industry Act state that the European Union aims to develop all of its own clean technologies domestically (be fully self-sufficient in clean technology) by its climate neutrality target year?
Explains that the Single European Act set voting/approval rules and that legislation approval requires weighted votesâshowing EU lawmaking depends on formal approval procedures.
A student could use this to realize the NetâZero Industry Act would need formal approval votes in EU institutions and thus check dates of plenary voting records of the European Parliament.
States the European Parliament's enhanced role where legislative proposals rejected by Parliament require Council unanimity, implying the Parliament is a key approver of EU legislation.
A student can infer the Parliament likely held a recorded vote on the Act and search Parliament's voting calendar or press releases around the suspected timeframe.
Provides a timeline of European integration including the institution of direct elections to the European Parliament, establishing the Parliament's modern chronology and public record-keeping practices.
Use the fact that the Parliament conducts regular sessions and public votes to narrow searches to plenary session dates in which the Act could have been adopted.
Describes international netâzero initiatives (GFANZ) and large recent commitments towards netâzero transitions, giving context that legislation like a NetâZero Industry Act is part of a broader contemporary policy wave.
A student could infer the Act is likely recent (postâ2015 climate policy surge) and focus on European Parliament records from the late 2010sâ2020s when checking approval dates.
Defines 'net zero' concept, clarifying the subject matter of the Act and confirming it's within climate policy domain handled by contemporary EU legislation.
Knowing the Act concerns netâzero, a student can limit searches to climate/industry legislative dossiers and the Parliament's environment/industry committee meeting dates to find the approval date.
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