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Global Warming and the World Trading System
Book Data
March 2009
ISBN Paper 978-0-88132-428-0
166 pp.
$23.95 $19.16
( 20 % discount)

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Global Warming and the World Trading System


by Gary Clyde Hufbauer ,
Steve Charnovitz and
Jisun Kim

"This volume is well researched and written. . . . Highly Recommended."

Choice Magazine

"Global Warming and the World Trading System represents the best tradition of the Peterson Institute for International Economics. It takes on a hard problem at a critical juncture and offers insightful analysis as well as practical policy solutions that promise to advance understanding and policymaking at both the national and global levels."

The Journal of World Trade

Description

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:

  1. Ensure "policy space" for countries to limit national GHG emissions without sacrificing the competitive position of their own industries.
  2. 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

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Chapters are provided for preview only.

Preface

Acknowledgments


1. Introduction [pdf]

2. Overview of Applicable World Trade Organizations Rules

3. Status of Climate Measures under the Law of the
    World Trade Organization
4. Future Climate Policy and the World Trade Organization

5. Elements of a Trade and Climate Code [pdf]

Appendices

Bibliography

Index


Other books of interest:
Economics of Global Warming
Economics of Global Warming
by William R. Cline
Greening the GATT: Trade, Environment, and the Future
Greening the GATT: Trade, Environment, and the Future
by Daniel C. Esty
Leveling the Carbon Playing Field: International Competition and US Climate Policy Design
Leveling the Carbon Playing Field: International Competition and US Climate Policy Design
by Trevor Houser and
Rob Bradley and
Britt Childs and
Jacob Werksman and
Robert Heilmayr
Global Warming and Agriculture: Impact Estimates by Country
Global Warming and Agriculture: Impact Estimates by Country
by William R. Cline
Carbon Abatement Costs and  Climate Change Finance
Carbon Abatement Costs and Climate Change Finance
by William R. Cline