Read the passage carefully and answer the question that follows: Governments worldwide are emphasizing the development of renewable energy sources to ...

Read the passage carefully and answer the question that follows:

Governments worldwide are emphasizing the development of renewable energy sources to address the escalating threat of climate change. Despite these initiatives, fossil fuels still dominate the energy sector, leading to increased carbon emissions. A report by the Global Energy Institute highlights that although renewable energy production is steadily increasing, it is still inadequate to satisfy global energy needs. Moreover, financial limitations and insufficient infrastructure in developing nations pose significant barriers to shifting towards cleaner energy.

Which of the following reasons can be inferred as to why fossil fuels continue to dominate the energy sector?

(I) The cost of producing renewable energy is considerably higher than that of fossil fuels.

(II) Financial constraints and lack of infrastructure impede the transition to renewable energy, particularly in developing countries.

(III) Governments are not prioritizing climate change mitigation, allowing fossil fuels to remain dominant.