Consider the following statements:
Statement-I:
The European Parliament approved the Net-Zero Industry Act recently.
Statement-II:
The European Union intends to achieve carbon neutrality by 2040 and therefore aims to develop all of its own clean technology by that time.
Which one of the following is correct in respect of the above statements?
Subject: International Org,TreatiesXEnvironment
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Consider the following statements
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EU Carbon Border Adjustment Mechanism (CBAM)
Why in the news?
A recent study by the Potsdam Institute for Climate Impact Research stated that the European Union’s Carbon Border Adjustment Mechanism (CBAM) could significantly strengthen global climate action and reduce carbon leakage.
What is CBAM?
The Carbon Border Adjustment Mechanism (CBAM) is:
- A carbon tariff imposed by the European Union on imports of carbon intensive products.
- Importers must pay a carbon levy unless the exporting country already has an equivalent carbon pricing system.
Objectives of CBAM
- Prevent: Carbon leakage
- Protect: EU industries from unfair competition
- Encourage: Other countries to adopt carbon pricing policies
- Support: Global decarbonisation efforts
What is Carbon Leakage?
Carbon leakage occurs when:
- Industries shift production from countries with strict climate policies to countries with weaker environmental regulations.
- This causes emissions reductions in one country to be offset by increased emissions elsewhere.
Findings of the Study
- Without CBAM, Around 40% of EU emission reductions could be offset by carbon leakage.
- With CBAM, Carbon leakage could be reduced to 15%.
- Global emission reductions may increase significantly if major trading partners adopt carbon pricing systems.
What is Carbon Pricing?
Carbon pricing means:
- Putting a monetary cost on carbon emissions to reduce greenhouse gas emissions.
- Major forms: Carbon tax and Emissions Trading System (ETS)
Criticism of CBAM
Critics argue:
- Developing countries may face higher export costs.
- It may act as a trade barrier.
- EU does not provide sufficient:
- Climate finance
- Technology support
for industrial decarbonisation in poorer countries.
[2023] Consider the following statements:
Statement-I:Carbon markets are likely to be one of the most widespread tools in the fight against climate change.
Statement-II:Carbon markets transfer resources from the private sector to the State
Which one of the following is correct in respect of the above statements?[A] Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I
[B] Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I
[C] Statement I is correct but Statements II is incorrect
[D] Statement I is incorrect but Statement II is correct.
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In the middle of the year 2008 the Parliament of which one of the following countries became the first in the world to enact a Climate Act by passing ‘The Climate Change Accountability Bill’
In the middle of the year 2008 the Parliament of which one of the following countries became the first in the world to enact a Climate Act by passing ‘The Climate Change Accountability Bill’?
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As a result of their annual survey, the National Geographic Society and an international polling firm GlobeScan gave India top rank in Greendex 2009 score. What is this score
As a result of their annual survey, the National Geographic Society and an international polling firm GlobeScan gave India top rank in Greendex 2009 score. What is this score ?
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The “Red Data Books’’ published by the International Union for Conservation of Nature and Natural Resources (IUCN) contain lists of
The “Red Data Books’’ published by the International Union for Conservation of Nature and Natural Resources (IUCN) contain lists of
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The Millennium Ecosystem Assessment describes the following major categories of ecosystem services-provisioning, supporting, regulating, preserving and cultural. Which one of the following is supporting service
The Millennium Ecosystem Assessment describes the following major categories of ecosystem services-provisioning, supporting, regulating, preserving and cultural. Which one of the following is supporting service?
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Consider the following statements regarding ‘Earth Hour’
Consider the following statements regarding ‘Earth Hour’:
1. It is an initiative of UNEP and UNESCO.
2. It is a movement in which the participants switch off the lights for one hour on a certain day every year.
3. It is a movement to raise the awareness about the climate change and the need to save the planet.
Which of the statements given above is/are correct? -
With reference to an organization known as ‘BirdLife International’, which of the following
With reference to an organization known as ‘BirdLife International’, which of the following
statements is/are correct?
(1) It is a Global Partnership of Conservation Organizations.
(2) The concept of ‘biodiversity hotspots’ originated from this organization.
(3) It identifies the sites known/referred to as ‘Important Bird and Biodiversity Areas’.
Select the correct answer using the code given below. -
With reference to the International Union for Conservation of Nature and Natural Resources (IUCN) and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which of the following statements is/are correct
With reference to the International Union for Conservation of Nature and Natural Resources (IUCN) and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which of the following statements is/are correct?
(1) IUCN is an organ of the United Nations and CITES is an international agreement between governments.
(2) IUCN runs thousands of field projects around the world to better manage natural
environments.
(3) CITES is legally binding on the States that have joined it, but this Convention does not take the place of national laws.
Select the correct answer using the code given below. -
Which one of the following is associated with the issue of control and phasing out of the use of ozone-depleting substances
Which one of the following is associated with the issue of control and phasing out of the use of ozone-depleting substances?