Why in news
- BRICS member states jointly condemned unilateral trade measures such as the EU Carbon Border Adjustment Mechanism.
Key points
- BRICS issued a statement opposing unilateral carbon taxation frameworks that penalize exports from developing economies.
- The bloc argued that the EU Carbon Border Adjustment Mechanism violates the Common But Differentiated Responsibilities principle of the UNFCCC.
- Member states highlighted that unilateral carbon tariffs function as disguised protectionist barriers disrupting multilateral trade.
- The grouping demanded a substantial expansion in international climate finance transfer from developed nations to fund adaptation in the Global South.
Key terms
Carbon Border Adjustment Mechanism
An EU regulatory tool imposing a carbon price on imports of carbon-intensive goods to prevent carbon leakage.
CBDR-RC
Common But Differentiated Responsibilities and Respective Capabilities, a foundational principle under international climate law acknowledging nations' varying historical emissions and economic capacities.
Prelims facts
- The CBDR-RC principle was formalized at the 1992 Rio Earth Summit under the UNFCCC framework.
- CBAM applies import levies on targeted carbon-intensive goods such as steel, cement, aluminum, and fertilizers.
Mains discussion
- Critically evaluate how unilateral carbon border taxes create friction between international trade rules under the WTO and global climate equity under UNFCCC.
Source: The Hindu
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2024 · Q42 · General Studies · 2 marks
Consider the following statements: 1. In India, Non- Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct? -
2024 · Q8 · GS IV · 20 marks
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2022 · Q6(a) · Anthropology GS 1 · 20 marks
Discuss the mechanism of social control in different kinds of political systems -
2022 · Q6 · GS IV · 10 marks
(a) Whistle blower, who reports corruption and illegal activities, wrongdoing and misconduct to the concerned authorities, runs the risk of being exposed to grave danger, physical harm and victimization by the vested interests, accused persons and his team. What policy measures would you suggest to strengthen protection mechanism to safeguard the whistle blower? (b) In contemporary world, corporate sector's contribution in generating wealth and employment is increasing. In doing so, they are bringing in unprecedented onslaught on the climate, environmental sustainability and living conditions of human beings. In this background, do you Responsibility (CSR) is efficient and sufficient enough to fulfil the social roles and responsibilities needed in the corporate work mandated? Critically examine. -
2022 · Q8 · GS III · 10 marks
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