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About this book
About this book
This timely book addresses the interaction between policies addressing climate change and the rules of the WTO. The authors expertly examine the law and economics behind the application of trade rules in the area of climate, including the implications of WTO rules for domestic climate measures, the unilateral use of trade measures to attempt to force other countries to take climate action, and the role of trade measures in multilateral climate agreements. The book argues that while there is a possibility of conflict between international trade rules and progress on climate change, it need not be the case. Thus the major focus is on the ways in which trade measures can aid in addressing climate change.
Contents: Part I: Introduction 1. Reconciling Trade Rules and Climate Change Part II: Linkages between Trade and Climate Change 2. Climate Change, Trade, and International Agreements 3. The Existing Trade and Climate Change Frameworks 4. Role of Trade Measures in Addressing Climate Change Part III: Trade Rules and Domestic Policies 5. Regulations and Domestic Emissions Trading 6. Taxes 7. Subsidies 8. Border Tax Adjustments 9. The Role of Environmental Exceptions 10. Judging Domestic Policy Part IV: Unilateral Action to Force Other Countries to Take Climate Change Action 11. Carrots - Positive Inducements 12. Dismantling Roadblocks 13. Negative Incentives - The Use of Sticks Part V: Multilateral Solutions 14. Trade Measures in a Climate Change Agreement 15. Increasing Environmentally Beneficial Trade Part VI: Conclusion 16. Trade, Climate Protection, and Development
'This book provides a comprehensive examination of the legal and policy interactions between international trade and measures to forestall climate change. Epps and Green cover all major aspects of the current debate and are especially attentive to the connection to economic development and poverty alleviation. The last chapter provides a creative and thoughtful menu of policy initiatives that could be undertaken in the World Trade Organization or in the UN Climate Change regime.' - Steve Charnovitz, George Washington University, US 'This is the first careful and comprehensive book-length treatment of the interface between trade policy and climate change policy. The book argues clearly and convincingly that rather than perceiving these two classes of policies as in antagonism to one another, there are in fact substantial synergies between them, which the authors evaluate by reference to three major goals: mitigating climate change, deterring protectionism, and furthering developing goals of developing countries. These synergies are pursued through extensive discussions of trade rules and domestic policies; unilateral action to force other countries to take climate change action; and multilateral solutions. The book has the great virtues of being subtle and nuanced in its analysis, while readily accessible to the non-specialist reader. It seems certain to become the standard reference work on this important and topical set of issues for years to come.' - Michael Trebilcock, University of Toronto, Canada 'Epps and Green tell a convincing story of synergies between liberalized trade and combating climate change. How can countries cut their carbon emissions without cutting their competitive edge? How can alternative energy be traded more freely? They rightly highlight the positive role that the WTO can play in this respect, allowing for genuine environmental measures but deterring protectionism and discrimination. This is a unique book, objectively explaining the different instruments and processes available to tackle climate change in the most efficient and effective way and their consistency under WTO agreements. The topic and practical importance of this study cannot be overestimated. We are talking about how to redress the planet's biggest market failure in a way that does not unfairly hamper trade and economic prosperity in both developed and developing countries.' - Joost Pauwelyn, Graduate Institute, Geneva, Switzerland