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Global Warming and the World Trading System

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Author Info

  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Steve Charnovitz
  • Jisun Kim

    (Peterson Institute for International Economics)

Abstract

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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Bibliographic Info

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This book is provided by Peterson Institute for International Economics in its series Peterson Institute Press: All Books with number 4280 and published in 2009.

ISBN: 978-0-88132-428-0
Handle: RePEc:iie:ppress:4280

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Cited by:
  1. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h2q83h42k is not listed on IDEAS
  2. Rachel McCulloch, 2010. "The International Trading System and Its Future," Working Papers 08, Brandeis University, Department of Economics and International Businesss School.
  3. Claire Brunel & Gary Clyde Hufbauer, 2009. "Money for the Auto Industry: Consistent with WTO Rules?," Policy Briefs PB09-4, Peterson Institute for International Economics.
  4. Zhang, ZhongXiang, 2009. "Multilateral trade measures in a post-2012 climate change regime? What can be taken from the Montreal Protocol and the WTO?," Energy Policy, Elsevier, vol. 37(12), pages 5105-5112, December.
  5. Naude, Wim, 2011. "Climate Change and Industrial Policy," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  6. Hufbauer, Gary Clyde & Kim, Jisun, 2009. "Climate policy options and the World Trade Organization," Economics Discussion Papers 2009-20, Kiel Institute for the World Economy.
  7. Benjamin Dachis, 2009. "A Clean Canada in a Dirty World: The Cost of Climate-Related Border Measures," e-briefs 90, C.D. Howe Institute.
  8. Michael O. Moore, 2011. "Implementing Carbon Tariffs: A Fool’s Errand?," The World Economy, Wiley Blackwell, vol. 34(10), pages 1679-1702, October.
  9. repec:old:wpaper:340 is not listed on IDEAS
  10. repec:old:wpaper:345 is not listed on IDEAS
  11. repec:spo:wpecon:info:hdl:2441/faqom67ai2qsojk9j15c04u8j is not listed on IDEAS
  12. Daniel Gros, 2009. "Global Welfare Implications of Carbon Border Taxes," CESifo Working Paper Series 2790, CESifo Group Munich.

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