The correct option is D It is one plausible explanation, though not the only one, for the ice ages.
From the last few lines of the passage we can infer that though Milankovtich's theory is testable, it is not the only theory that explains the ice-ages. The use of the word 'advantage' with respect to Milankovitch's theory suggests that it is not the only theory regarding the ice ages. In this context, option D is the correct answer.