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Given below are two statements:

$\text{Statement (I)}$: Under Montreal protocol developed and developing nations have differentiated responsibilities.

$\text{Statement (II)}$: Under Kigali amendment of Montreal protocol, ChloroFluoroCarbons (CFCs) and HydroChloroFluoroCarbons (HCFCs) were to be phased out.

In the light of the above statements, choose the most appropriate answer from the options given below:

  1. Both $\text{Statement I}$ and $\text{Statement II}$ are correct
  2. Both $\text{Statement I}$ and $\text{Statement II}$ are incorrect
  3. $\text{Statement I}$ is correct but $\text{Statement II}$ is incorrect
  4. $\text{Statement I}$ is incorrect but $\text{Statement II}$ is correct

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