The correct option is D Photorespiration and degradation of H2O2
The peroxisomes are associated with the phenomenon of photorespiration and degradation of H2O2. Certain enzymes within the peroxisome, by using molecular oxygen, remove hydrogen atoms from specific organic substrates, in an oxidative reaction, producing hydrogen peroxide.
Photorespiration involves a complex network of enzyme reactions that exchange metabolites between chloroplasts, leaf peroxisomes and mitochondria.