Multiple Choice Questions on With reference to Carbon Border Adjustment Mechanism CBAM consider the following statements It has b........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to Carbon Border Adjustment Mechanism CBAM consider the following statements It has b...........

Environment and Ecology Envirnment and Climate Change
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    With reference to Carbon Border Adjustment Mechanism (CBAM) consider the following statements

    1. It has been described as a tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU and to encourage cleaner industrial production in non-EU countries.
    2. CABM would apply to all products imported to EU from the developing nations.
    3. With the implementation of CABM, India, Brazil and South Africa would be most affected among the developing countries. .

    Select the correct statement.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Correct Answer

    All of the above

    Incorrect Answer
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    Explanation:

    Only statements 1&3 are correct.

    • CBAM has been described as a landmark tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU and to encourage cleaner industrial production in non-EU countries. With the implementation of CABM, India, Brazil and South Africa would be most affected among the developing countries. 

    • CBAM would initially apply to imports of certain goods and selected precursors, whose production is carbon-intensive and are at risk of ‘leakage’ such as the cement, iron and steel, aluminium, fertilizers, electricity and hydrogen sectors.

    Hence option 3rd is correct.

    By: Shubham Tiwari
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