Q1 · UPSC current affairs · 8 September 2026 · News · UK Recognition of India Carbon Credit Trading Scheme CBAM

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Consider the following statements regarding the Carbon Credit Trading Scheme (CCTS):1.The CCTS is notified under the Energy Conservation Act, 2001.2.It is administered by the Union Ministry of Environment, Forest and Climate Change (MoEFCC).Which of the statements given above is/are correct?

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

Correct answer: (a) 1 only

Explanation

Statement 1 is correct because the CCTS is notified under the Energy Conservation Act, 2001. Statement 2 is incorrect because the scheme is administered by the Bureau of Energy Efficiency, not the Ministry of Environment, Forest and Climate Change.

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