International Trade and Climate Change: Economic, Legal, and Institutional Perspectives

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Overview

Climate change remains a global challenge requiring international collaborative action. Another area where countries have successfully committed to a long-term multilateral resolution is the liberalization of international trade. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. The broad objectives of the betterment of current and future human welfare are shared by both global trade and climate regimes. Yet both climate and trade agendas have evolved largely independently through the years, despite their mutually supporting objectives. Since global emission goals and global trade objectives are shared policy objectives of most
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Overview

Climate change remains a global challenge requiring international collaborative action. Another area where countries have successfully committed to a long-term multilateral resolution is the liberalization of international trade. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. The broad objectives of the betterment of current and future human welfare are shared by both global trade and climate regimes. Yet both climate and trade agendas have evolved largely independently through the years, despite their mutually supporting objectives. Since global emission goals and global trade objectives are shared policy objectives of most countries, and nearly all of the World Bank's clients, it makes sense to consider the two sets of objectives together.

This book is one of the first comprehensive attempts to look at the synergies between climate change and trade objectives from economic, legal, and institutional perspectives. It addresses an important policy question - how changes in trade policies and international cooperation on trade policies can help address global environmental spillovers, especially GHG emissions, and what the (potential) effects of (national) environmental policies that are aimed at global environmental problems might be for trade and investment. It explores opportunities for aligning development and energy policies in such a way that they could stimulate production, trade, and investment in cleaner technology options.

Product Details

  • ISBN-13: 9780821372258
  • Publisher: World Bank Publications
  • Publication date: 10/15/2007
  • Pages: 160
  • Sales rank: 1,167,129
  • Series: Environment and Development Series
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.50 (d)

Table of Contents


Acknowledgments     ix
Abbreviations     xi
Introduction and Overview     1
Technology Options to Stabilize Greenhouse Gas Emissions     4
The Debate on Trade and the Environment Revisited     7
Focus and Results of This Study     8
Findings and Recommendations     10
Notes     16
Climate Change Policies and International Trade: Challenges and Opportunities     18
Do Climate Change Measures Affect Competitiveness?     19
In Search of Carbon Leakage: Examining the Relocation of Energy-Intensive Industries to Developing Countries     29
Trade Measures     35
WTO and Kyoto Protocol: Exploring Synergies for Advancing Both Trade and Climate Agendas     39
Key Findings from Chapter 2     41
Notes     41
Beyond Kyoto: Striving for a Sustainable Energy Future in Developing Countries     45
Global Emissions Scenarios through 2030     46
Clean Energy for the Future     47
Liberalization of Trade in Clean Energy Technologies     52
Clean Coal Technology     54
Wind Power Technology     59
Solar Photovoltaics (PV) Technology     62
Energy-Efficient Lighting     68
Conclusions     70
Key Findings from Chapter 3     72
Notes     72
Opportunities for Win-Win-Win: Liberalizing Trade in Environmental Goods and Services     73
Complexity Surrounding Environmental Goods (EG) Discussions     74
Linking of Current EG Discussions to Climate Change Mitigation     78
Options for Negotiating a Climate-Friendly Package within the WTO Framework     80
Lessons from Current EG Discussions for Negotiating a Climate-Friendly Package     82
The Way Forward on a Possible Agreement on Climate Change Mitigation Products     87
Key Findings from Chapter 4     95
Notes     95
Conclusions and Recommendations     97
Findings     97
Recommendations     99
Appendixes
Kyoto Protocol: Countries Included in Annex B to the Kyoto Protocol and Their Emissions Targets     105
Measures to Combat Climate Change     107
Regulatory Measures     107
Fiscal Measures     109
Market-Based Instruments     111
Voluntary Agreements (VAs)     113
Notes     114
Model Specification and Results     117
Industry-Specific Effects of Carbon Taxes and Energy Efficiency Standards      123
Partial Equilibrium Trade Policy Simulation Model     127
Maximum and Applied Tariff Rates on Select Climate-Friendly Technologies     129
Bibliography     133
Index     139
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