Q.Consider the following statements regarding the European Union's Carbon Border Adjustment Mechanism (CBAM): (a) It is a tariff mechanism designed to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the EU. (b) The mechanism initially applies only to specific sectors such as iron and steel, cement, fertilizers, aluminium, and electricity generation. (c) Developing countries, including India and China, have strongly supported this mechanism at the WTO as a fair climate action tool. Which of the statements given above are correct?