Q. Consider the following statements:
1.The carbon budget refers to the maximum financial budget allocated for carbon reduction policies.
2.The term net-zero emissions refer to achieving a balance between greenhouse gas emissions produced and removed from the atmosphere.
Which of the statement(s) given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanations –

Statement 1 is incorrect. The carbon budget refers to the maximum amount of cumulative net global anthropogenic CO2 emissions that can be emitted while limiting global warming to a specific level (e.g., 1.5°C or 2°C above pre-industrial levels).

Statement 2 is correct. Net-zero emissions mean that the amount of greenhouse gases emitted into the atmosphere is balanced by the amount removed, resulting in no net increase in atmospheric greenhouse gases.

Source: The Hindu

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