Carbon Border Adjustment Mechanism (CBAM) is a tariff on carbon-intensive products proposed by which Intergovernmental Organization?

Question

India has raised concerns over the potential compromise of sensitive trade data of its exporters while complying with the European Union's Carbon Border Adjustment Mechanism (CBAM). The CBAM, adopted on May 17, 2023, and entering its transitional period on October 1, 2023, is a proposed EU tariff on carbon-intensive products. The mechanism aims to establish a fair price for carbon emissions associated with the production of such goods entering the EU, with the goal of promoting cleaner industrial production outside the EU. India's apprehensions highlight the need for careful consideration of data security issues in the implementation of CBAM and potential challenges for non-EU countries in complying with the mechanism.

GKToday Admin · Accepted Answer

European Union India has raised concerns over the potential compromise of sensitive trade data of its exporters while complying with the European Union's Carbon Border Adjustment Mechanism (CBAM). The CBAM, adopted on May 17, 2023, and entering its transitional period on October 1, 2023, is a proposed EU tariff on carbon-intensive products. The mechanism aims to establish a fair price for carbon emissions associated with the production of such goods entering the EU, with the goal of promoting cleaner industrial production outside the EU. India's apprehensions highlight the need for careful consideration of data security issues in the implementation of CBAM and potential challenges for non-EU countries in complying with the mechanism.

Current Affairs

Daily MCQs

Monthly MCQs

Topic Wise CA MCQs

CA MCQs in Other Languages

GK MCQs Section

SSC/RRB/States Level MCQs