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Consider the following statements regarding the European Union's Carbon Border Adjustment Mechanism (CBAM) and the European Union Deforestation Regulation (EUDR):
1. The CBAM requires EU importers to acquire certificates reflecting carbon emissions associated with their imports.
2. The EUDR mandates that commodities like coffee and palm oil imported into the EU must not originate from recently deforested land.
3. The CBAM is designed to reduce carbon emissions by at least 32 million metric tonnes annually.
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 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the European Unions Carbon...
  • Statement 1 is correct. The CBAM requires EU importers to register and acquire certificates that reflect the carbon emissions associated with the goods they import. This mechanism is intended to ensure that imported goods are subject to the same carbon emission pricing as goods produced within the EU.
  • Statement 2 is correct. The European Union Deforestation Regulation (EUDR) does indeed mandate that specific commodities, including coffee and palm oil, must not come from recently deforested land or contribute to forest degradation. This regulation aims to prevent deforestation linked to agricultural expansion.
  • Statement 3 is incorrect. While the EUDR aims to reduce carbon emissions, the specific target of reducing carbon emissions by at least 32 million metric tonnes annually is not associated with the CBAM, but rather with the EUDR's objectives concerning deforestation and forest degradation. The CBAM itself primarily focuses on fair competition and aligning carbon pricing, not directly setting a specific emission reduction target.
Therefore, the correct answer is Option B: 1 and 2 Only.
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Consider the following statements regarding the European Unions Carbon Border Adjustment Mechanism (CBAM) and the European Union Deforestation Regulation (EUDR):1. The CBAM requires EU importers to acquire certificates reflecting carbon emissions associated with their imports.2. The EUDR mandates that commodities like coffee and palm oil imported into the EU must not originate from recently deforested land.3. The CBAM is designed to reduce carbon emissions by at least 32 million metric tonnes annually.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 'B'. Can you explain this answer?
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Consider the following statements regarding the European Unions Carbon Border Adjustment Mechanism (CBAM) and the European Union Deforestation Regulation (EUDR):1. The CBAM requires EU importers to acquire certificates reflecting carbon emissions associated with their imports.2. The EUDR mandates that commodities like coffee and palm oil imported into the EU must not originate from recently deforested land.3. The CBAM is designed to reduce carbon emissions by at least 32 million metric tonnes annually.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 'B'. 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 regarding the European Unions Carbon Border Adjustment Mechanism (CBAM) and the European Union Deforestation Regulation (EUDR):1. The CBAM requires EU importers to acquire certificates reflecting carbon emissions associated with their imports.2. The EUDR mandates that commodities like coffee and palm oil imported into the EU must not originate from recently deforested land.3. The CBAM is designed to reduce carbon emissions by at least 32 million metric tonnes annually.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 'B'. 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 regarding the European Unions Carbon Border Adjustment Mechanism (CBAM) and the European Union Deforestation Regulation (EUDR):1. The CBAM requires EU importers to acquire certificates reflecting carbon emissions associated with their imports.2. The EUDR mandates that commodities like coffee and palm oil imported into the EU must not originate from recently deforested land.3. The CBAM is designed to reduce carbon emissions by at least 32 million metric tonnes annually.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 'B'. Can you explain this answer?.
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