Consider the following statements:

Statement I: Article 6 of the Paris Agreement on climate change is frequently discussed in global discussions on sustainable development and climate change.

Statement II: Article 6 of the Paris Agreement on climate change sets out the principles of carbon markets.

Statement III: Article 6 of the Paris Agreement on climate change intends to promote inter-country non-market strategies to reach their climate targets.

Which one of the following is correct in respect of the above statements?

1. (a) Both Statement II and Statement III are correct and both of them explain Statement ICorrect answer
2. (b) Both Statement II and Statement III are correct but only one of them explains Statement I
3. (c) Only one of the Statements II and III is correct and that explains Statement I
4. (d) Neither Statement II nor Statement III is correct

Answer: (a)