Case : Read the passage and answer the question(s).

Lenz's Law states that the polarity of induced EMF is such that it tends to produce a current which opposes the change in magnetic flux that produced it. Hypothetically or not, assume that on approaching the magnetic north pole towards a coil, the coil develops current in clockwise direction. 

Which of the following is true?

This violates conservation of energy.

Lenz's Law is in agreement with conservation of energy and the given statement violates Lenz's Law.