CBAM and India's carbon market

1. Question 1Answer D

   The definitive phase of the EU's carbon border tax (CBAM) began on which date?

   • A1 October 2023
   • B1 July 2026
   • C1 January 2025
   • DCorrect answer: 1 January 2026

   Core Trigger: The EU's carbon border tax (CBAM) entered its definitive phase on 1 January 2026; certificates for 2026 imports are bought from February 2027.From Book 1 RATNA, topic 216, point 1

2. Question 2Answer D

   Which sector makes up about 90% of India's CBAM-exposed exports to the EU?

   • AFertilisers
   • BAluminium
   • CCement
   • DCorrect answer: Iron and steel

   Exposure: Iron and steel make up about 90% of India's CBAM-exposed exports to the EU.From Book 1 RATNA, topic 216, point 2

3. Question 3Answer B

   Which body administers India's Carbon Credit Trading Scheme?

   • ANITI Aayog
   • BCorrect answer: Bureau of Energy Efficiency
   • CCentral Electricity Authority
   • DCentral Pollution Control Board

   Administrator: The Bureau of Energy Efficiency administers India's Carbon Credit Trading Scheme.From Book 1 RATNA, topic 216, point 3

4. Question 4Answer D

   CBAM charges importers for which cost element in goods such as steel and cement?

   • ASubsidies paid to exporters
   • BLabour costs abroad
   • CShipping fuel burned in transit
   • DCorrect answer: Emissions embedded in the goods

   Key Term: CBAM charges importers for emissions embedded in goods such as steel, aluminium, cement and fertilisers.From Book 1 RATNA, topic 216, point 4

5. Question 5Answer B

   India's Green Steel Taxonomy (2024) rates steel using which system?

   • ACarbon scores out of 100
   • BCorrect answer: Star ratings
   • CLetter grades A to E
   • DColour-coded labels

   Steel Data: India's Green Steel Taxonomy (2024) gives star ratings; steel routes are BF-BOF, DRI and EAF.From Book 1 RATNA, topic 216, point 5

6. Question 6Answer A

   Consider: 1) Levers for cutting steel emissions include green hydrogen, scrap and CCUS. 2) The National Green Hydrogen Mission was approved in January 2021. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   India Link: Levers include green hydrogen, scrap and CCUS; the National Green Hydrogen Mission was approved in January 2023.From Book 1 RATNA, topic 216, point 7

7. Question 7Answer D

   CBAM is administered under the European Commission, based in which city?

   • AGeneva
   • BLuxembourg
   • CStrasbourg
   • DCorrect answer: Brussels

   Seat: CBAM is administered under the European Commission in Brussels, Belgium.From Book 1 RATNA, topic 216, point 8

8. Question 8Answer D

   India's Carbon Credit Trading Scheme was notified on which date?

   • A28 June 2022
   • B1 April 2024
   • C15 August 2023
   • DCorrect answer: 28 June 2023

   Founded: India's Carbon Credit Trading Scheme was notified on 28 June 2023.From Book 1 RATNA, topic 216, point 9

9. Question 9Answer D

   Which Article of the Paris Agreement (2015) covers cooperative approaches and carbon markets?

   • AArticle 2
   • BArticle 4
   • CArticle 9
   • DCorrect answer: Article 6

   Landmark: Article 6 of the Paris Agreement (2015) covers cooperative approaches and carbon markets.From Book 1 RATNA, topic 216, point 10

10. Question 10Answer C

    Consider: 1) Section 14(w) of the Energy Conservation Act, 2001 empowers the carbon credit scheme. 2) Common but differentiated responsibilities comes from the UNFCCC (1992). Which is/are correct?

    • AOnly 1
    • BOnly 2
    • CCorrect answer: Both 1 and 2
    • DNeither

    Statute: Section 14(w) of the Energy Conservation Act, 2001, inserted in 2022, empowers the scheme; section 14AA covers certificates.From Book 1 RATNA, topic 216, point 11

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