This happens when Nokia Software Recovery Tool doesn't find the required resource on the official website. I've searched on the Microsoft forums and found out that other users had this issue as well and to fix it, a new application called Windows Device Recovery Tool Installer needs to be downloaded.
The 0x80070002 is shown when the application needs a component from the Microsoft's servers and can't find it. This error is similar to the 404 one, when the resource has been deleted, corrupted, or moved.
You can download the correct application from the application's page at Software Informer.
