Question 40: Which of the following best summarises the passage? A. Europe’s carbon market is a paper exercise that relies on slogans and hi...

Question 40: Which of the following best summarises the passage?

A. Europe’s carbon market is a paper exercise that relies on slogans and high surrender rates to hide the loopholes in shipping and aviation.

B. The EU ETS primarily focuses on maritime transport and ice – class ships to ensure that carbon prices act as a pressure gauge for renewables.

C. Decarbonisation is an impossible goal because auction proceeds are not enough to cover the high costs of compliance for most dirty fuels.

D. The EU ETS is an evolving and comprehensive system that uses carbon pricing and revenue reinvestment to drive a measurable clean transition.