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In 2006, a team led by the English economist Sir Nicholas Stern issued a striking
report that analyzed the economic dimensions of global climate change and called
for immediate collective action to reduce greenhouse gas (GHG) emissions. This
seminal report poses the critical question of how much emissions should be
reduced within specific timeframes.
To answer the challenge of finding a best-practices
approach, Global Warming and the World Trading
System looks at the economic aspects of GHG
emissions and seeks a policy method to reduce
them without adversely affecting global trade. The
book begins with a survey of relevant data—such as
emissions reports per sector—and evaluates current
US climate policy options, focusing on the intricacies
of specific Congressional bills. In this vein, this study
examines whether the competitiveness provisions
now under consideration are compatible with the rules of the World Trade
Organization (WTO) and explores the pragmatic opportunities the WTO should
capitalize on in order to accomplish two goals simultaneously:
- Ensure "policy space" for countries
to limit national GHG emissions
without sacrificing the competitive
position of their own industries.
- Preserve an open trading system
relatively free of discrimination and
opportunistic protectionist measures.
Should governments use trade measures
to encourage other countries to cooperate
in the adoption of environmental policies?
The authors anticipate the potential negative
environmental and economic outcomes
as well as the disputes over violation of
GATT articles. This book addresses how to
avoid serious setbacks in an effort to reduce
emissions without compromising the status
of both domestic and international carbonintensive
industries. Most importantly,
the book considers what can be done by
environmental organizations to head off
conflict with the WTO.
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Contents
Chapters are provided for preview only.
Preface
Acknowledgments
1. Introduction [pdf]
2. Overview of Applicable World Trade Organizations Rules [pdf]
3. Status of Climate Measures under the Law of the
World Trade Organization [pdf]
4. Future Climate Policy and the World Trade Organization [pdf]
5. Elements of a Trade and Climate Code [pdf]
Appendices [pdf]
Bibliography
Index
