Carbon Border Adjustment Mechanism

Consider the following statements:

  1. The EU’s ‘Fit for 55’ package proposes to cut greenhouse gases by 55 per cent by 2050.
  2. The proposed Carbon Border Adjustment Mechanism (CBAM) will require foreign producers to pay for the carbon emitted while manufacturing their products.
  3. As per the proposal, a new Emissions Trading System (ETS) for buildings and road transport, separate from the EU’s current ETS, will become operational by 2026.

Which of the above statement(s) is/are true?

A
1 and 2
B
2 and 3
C
1 and 3
D
1, 2 and 3
Submit