Q9 · UPPSC current affairs · 13 October 2026 · PIB · Carbon Credit Trading Scheme and EU CBAM

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Consider the following statements regarding India's domestic carbon market initiatives:1.The Carbon Credit Trading Scheme (CCTS) is notified under the Energy Conservation Act, 2001.2.The Bureau of Energy Efficiency (BEE) acts as the administrator for the domestic carbon market.Which of the statements given above is/are correct?

A 2 only
B Both 1 and 2
C Neither 1 nor 2
D 1 only

Correct answer: (b) Both 1 and 2

Explanation

Both statements are correct. The CCTS is notified under the Energy Conservation Act, 2001, and the Bureau of Energy Efficiency (BEE) serves as the designated administrator for the domestic carbon market.

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