Consider the following statements with reference to Carbon Pricing :
1. Emission Trading is a market based approach to control pollution by providing economic incentives for reducing the emissions of pollutants.
2. Carbon tax is a fee on the carbon content of fossil fuels.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2