Climate Policy Acronyms Decoded

Q1. Under the EU Emissions Trading System (EU ETS), what penalty applies when an operator fails to surrender enough allowances for its excess emissions?
- €10 per tonne
- €50 per tonne
- €100 per tonne
- €500 per tonne
Answer: €100 per tonne[[cite:1]]
Q2. What is the main purpose of the Union Registry in the EU ETS?
- To record allowance ownership, transfers, verified emissions, and annual reconciliation
- To set the annual EU-wide emissions cap
- To calculate import duties on all goods entering the EU
- To issue national climate targets
Answer: To record allowance ownership, transfers, verified emissions, and annual reconciliation[[cite:2]]
Q3. What does CBAM stand for, and what problem is it designed to address?
- Carbon Border Adjustment Mechanism, designed to reduce the risk of carbon leakage
- Carbon Budget Allocation Measure, designed to fund renewable electricity
- Climate Benefits and Mitigation, designed to regulate aviation
- Carbon-Based Allowance Market, designed to replace the EU ETS
Answer: Carbon Border Adjustment Mechanism, designed to reduce the risk of carbon leakage[[cite:3]]
Q4. In the definitive phase of CBAM, what do EU importers of covered goods buy and surrender for the goods' embedded emissions?
- CBAM certificates
- EU ETS allowances only
- Nationally determined contributions
- Import licences only
Answer: CBAM certificates[[cite:4]]

Climate Policy Acronyms Decoded

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