Environment & Ecology · Environment

With reference to India's efforts towards reducing greenhouse gas emission intensity in industrial sectors, consider the following statements: I. A regulatory framework has been introduced to set binding targets for emission intensity reduction across selected industries. II. This framework is intended to support the functioning of a domestic carbon market mechanism under the Carbon Credit Trading Scheme (CCTS). III. In its initial implementation phase, sectors such as fertiliser production, thermal power generation, automobile manufacturing and food processing have been brought under its ambit. Which of the statements given above are correct?