Consider the following statements regarding the phasing out of coal-based power:
Statement I: The United Kingdom has successfully phased out a significant portion of its coal-based power plants, aiming to eliminate coal power entirely by 2024.
Statement II: India can follow the same approach as the UK to phase out coal-based power plants, as it has similar availability of renewable energy sources and low dependency on coal power.
Which of the statements given above is/are correct?
1
Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.
2
Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I.
3
Statement-I is correct, and Statement-II is incorrect.
4
Statement-I is incorrect, and Statement-II is correct.