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 ?

Shows a major global/net-zero initiative (GFANZ) and its explicit commitment to reach net-zero carbon emissions by 2050, indicating 2050 is a common benchmark for net-zero commitments.

A student could note that if major finance-led and international initiatives use 2050 as the net-zero year, the EU is likely to align with that common mid-century target and check EU policy documents for 2050 references.

States governments agreed to work towards a universal climate change agreement by 2050, implying 'mid-century' (2050) is treated as the horizon for comprehensive climate goals.

A student could infer that regional blocs like the EU would adopt a mid-century (2050) neutrality goal consistent with this global framing and then verify EU legislation dating to 'mid-century' or 2050.

Refers to the Paris Agreement's encouragement for countries to submit 'long-term low greenhouse gas emission development strategies' — typically called 'mid-century strategies'.

A student could connect 'mid-century strategies' to the 2050 timeframe and look for EU long-term strategy documents labeled 'mid-century' or targeting 2050 neutrality.

Gives India’s explicit net-zero-by-2050 goal, showing that 2050 is an established, widely used national target year for net-zero.

A student could treat 2050 as the widely adopted national/regional benchmark and then check whether the EU follows the same benchmark in its official policy or legislation.

Mentions the EU Emissions Trading Scheme as a major EU climate policy instrument, showing the EU uses formal legislative mechanisms to meet emissions goals.

A student could reason that because the EU embeds climate goals in legislation (e.g., ETS), any EU net-zero target would also be referenced in official EU legislation or strategies and should be searchable there (likely targeting the mid-century date seen elsewhere).

Describes the EU as a supranational entity that nevertheless leaves many policy areas (including foreign relations and defence) to member states, showing the EU is not identical to a fully centralized nation-state.

A student could use this to infer that technology/industrial policy may also be shared/fragmented across member states, making a single EU-wide pledge of full domestic self-sufficiency less likely and worth checking.

Notes the EU intervenes in economic areas but member states retain independent policies and capabilities (and some advanced technology origins lie in single member states).

Combine with a map/list of EU member states and known industrial specializations to test whether the EU realistically could (or has promised to) produce all clean technologies domestically.

GFANZ is an international finance initiative committing global capital to net-zero transitions, indicating the net-zero effort is supported by international finance rather than purely domestic production strategies.

A student could contrast global financing mechanisms with any EU text to see if the EU relies on global supply chains and finance rather than declaring full domestic production of clean tech.

India's explicit national goal of energy independence by 2047 and focus on domestic clean technologies provides a clear example of a country declaring domestic self-sufficiency — showing what such an explicit domestic-production pledge looks like.

Use this example as a template: search EU/Net-Zero Industry Act text for similarly explicit language; absence would suggest the EU did not make the same claim.

Lists a national integrated energy policy with concrete domestic measures (R&D, promotion of renewables), illustrating the kinds of domestic policies countries adopt to build clean-tech capacity.

Compare such nation-level policy elements to the EU's measures — if the EU text lacks an explicit single-goal to develop all technologies domestically, a student could infer the EU did not set full self-sufficiency as its aim.