Consider the following differences between the Annex-1 and Annex-2 parties of the Kyoto Protocol?
1. While Annex-I parties are developed nations, Annex-II countries are developing and LDC countries
2 OECD countries are among Annex-I parties, while OPEC countries are in Annex-II parties
Choose the correct option from the codes given below:

Answer: [D] Neither 1 nor 2 is correct

Annex J Parties

The industrialized countries listed in Annex I to the Convention, which committed to returning their greenhouse-gas emissions to 1990 levels by the year 2000 as per Article 4.2 (a) and (b). They have also accepted emissions targets for the period 2008-12 as per Article 3 and Annex B of the Kyoto Protocol. They include the 24 original DECO members, the European Union, and 14 countries with economies in transition. (Croatia, Liechtenstein, Monaco, and Slovenia joined Annex 1 at COP-3, and the Czech Republic and Slovakia replaced Czechoslovakia.)

 Annex II Parties

The countries listed in Annex II to the Convention which have a special obligation to provide financial resources and facilitate technology transfer to developing countries. Annex II Parties include the 24 original OECD members plus the European Union.

This question is a part of GKToday's Integrated IAS General Studies Module