Climate Change Economics — Mains Questions

Critically analyze the economic implications of the European Union's Carbon Border Adjustment Mechanism (CBAM) for India's trade and industrial competitiveness. Suggest policy measures India can adopt to mitigate these impacts.

Discuss the role of green finance in achieving India's Nationally Determined Contributions (NDCs). What are the key instruments and challenges in mobilizing adequate green capital?

Examine the concept of the Social Cost of Carbon (SCC) and the ethical considerations involved in determining the appropriate discount rate for climate policy. How do these factors influence the urgency of climate action?