Concept: The Rio Earth Summit of 1992 was a major global conference on environment and development. It promoted the idea of sustainable development.
Step 1: Checking Assertion (A).
The 1992 Rio Earth Summit was a turning point for global environmental policy because it brought environment and development together at the international level.
\[
\text{Rio Earth Summit} \Rightarrow \text{Global environmental policy shift}
\]
So Assertion (A) is correct.
Step 2: Checking Reason (R).
The summit promoted sustainable development, environmental protection, and economic justice. This statement is correct.
\[
\text{Sustainable development} = \text{Environment protection + Economic justice}
\]
Step 3: Checking explanation.
Reason (R) explains why the summit became a turning point. It provided a new vision for balancing development with environmental protection.
Therefore, both Assertion and Reason are correct and Reason is the correct explanation.