With reference to environmental regulations and trade, consider the following statements:

Carbon Border Adjustment Mechanism (CBAM) applies to all products exported to the EU.

EU-Deforestation Regulation (EUDR) prohibits imports of products linked to deforestation.

CBAM taxes are levied on the basis of carbon emissions during production.

India's exports to the EU have increased under these regulations.

How many of the above statements are correct?

Question

Carbon Border Adjustment Mechanism (CBAM) applies to all products exported to the EU: This is incorrect. CBAM specifically targets carbon-intensive products, not all exports.
EU-Deforestation Regulation (EUDR) prohibits imports of products linked to deforestation: This is correct. EUDR aims to prevent deforestation-linked products from entering the EU market.
CBAM taxes are levied on the basis of carbon emissions during production: This is correct. CBAM imposes taxes based on the carbon footprint of specific products.
India's exports to the EU have increased under these regulations: This is correct. India's exports to the EU have increased under these regulations. While exports have grown, the regulations are expected to negatively impact them.

GKToday Admin · Accepted Answer

Only three

Carbon Border Adjustment Mechanism (CBAM) applies to all products exported to the EU: This is incorrect. CBAM specifically targets carbon-intensive products, not all exports.
EU-Deforestation Regulation (EUDR) prohibits imports of products linked to deforestation: This is correct. EUDR aims to prevent deforestation-linked products from entering the EU market.
CBAM taxes are levied on the basis of carbon emissions during production: This is correct. CBAM imposes taxes based on the carbon footprint of specific products.
India's exports to the EU have increased under these regulations: This is correct. India's exports to the EU have increased under these regulations. While exports have grown, the regulations are expected to negatively impact them.

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