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Consider the following statements:
1. The Carbon Border Adjustment Mechanism (CBAM) by the EU aims to levy tariffs on energy-intensive imports to prevent local producers from facing a competitive disadvantage against producers from nations with less strict emission standards.
2. India supports the CBAM as it aligns with the principles of the Paris Agreement.
3. Transitioning to alternative energy sources in India presents challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.

Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The Carbon Border Adjustment Mec...
- Statement 1 is correct. The Carbon Border Adjustment Mechanism (CBAM) by the EU is designed to impose tariffs on imports that are energy-intensive to ensure that local producers are not at a competitive disadvantage compared to producers from countries with less stringent emission standards.

- Statement 2 is incorrect. India criticizes the CBAM because it contravenes the principles of the Paris Agreement and may negatively impact Indian exports of iron, steel, and aluminum.

- Statement 3 is correct. Transitioning to alternative energy sources in India does present its own set of challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.

Hence, the correct answer is Option C: 1 and 3 Only.
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Consider the following statements:1. The Carbon Border Adjustment Mechanism (CBAM) by the EU aims to levy tariffs on energy-intensive imports to prevent local producers from facing a competitive disadvantage against producers from nations with less strict emission standards.2. India supports the CBAM as it aligns with the principles of the Paris Agreement.3. Transitioning to alternative energy sources in India presents challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements:1. The Carbon Border Adjustment Mechanism (CBAM) by the EU aims to levy tariffs on energy-intensive imports to prevent local producers from facing a competitive disadvantage against producers from nations with less strict emission standards.2. India supports the CBAM as it aligns with the principles of the Paris Agreement.3. Transitioning to alternative energy sources in India presents challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. The Carbon Border Adjustment Mechanism (CBAM) by the EU aims to levy tariffs on energy-intensive imports to prevent local producers from facing a competitive disadvantage against producers from nations with less strict emission standards.2. India supports the CBAM as it aligns with the principles of the Paris Agreement.3. Transitioning to alternative energy sources in India presents challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Carbon Border Adjustment Mechanism (CBAM) by the EU aims to levy tariffs on energy-intensive imports to prevent local producers from facing a competitive disadvantage against producers from nations with less strict emission standards.2. India supports the CBAM as it aligns with the principles of the Paris Agreement.3. Transitioning to alternative energy sources in India presents challenges, including the adverse environmental impact of mining critical minerals in underdeveloped regions.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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