TITLE

Going it alone on climate change A new challenge to WTO subsidies disciplines: are subsidies in support of emissions reductions schemes permissible under the WTO

AUTHOR(S)
HENSCHKE, LAUREN
PUB. DATE
January 2012
SOURCE
World Trade Review;Jan2012, Vol. 11 Issue 1, p27
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper examines the specific ways in which the provision of emissions permits by governments in carbon trading schemes, interacts with, and challenges, the disciplines on subsidies in the WTO Agreement on Subsidies and Countervailing Measures. It will argue that the case of emissions permits gives rise to two key challenges. First, it highlights the need for a resolution on the issue of the characterization of intangible goods under the SCM Agreement, and the importance this has for the calculation of benefit and hence the correct application of SCM disciplines. Secondly, when applied to emissions permits, the SCM Agreement produces a result that heavily favours the complaining Member at the expense of ‘distributive justice’. This is compounded by the current lack of directly applicable exceptions for subsidies directed at legitimate public policy goals. Fundamentally, this will affect the potential cost and continuing viability of national emissions trading schemes and further challenge the environmental credentials of the WTO.
ACCESSION #
70892111

 

Related Articles

  • MONETARY CARBON VALUES IN POLICY APPRAISAL: AN OVERVIEW OF CURRENT PRACTICE AND KEY ISSUES - ENVIRONMENT WORKING PAPER No. 92. Smith, Stephen; Braathen, Nils Axel // OECD Environment Working Papers;9/23/2015, Issue 92, preceding p2 

    Cost-benefit analyses and other quantitative appraisals are used in many countries to support decisionmaking in different areas of public policy, including many investment projects in sectors such as transport and energy. These decisions can have significant effects - either negative or positive...

  • Obscenity of carbon trading. Smith, Kevin // Chain Reaction;Aug2007, Issue 100, p31 

    A reprint of the article "Obscenity of Carbon Trading," by Kevin Smith, which appeared on the BBC Science and Nature Web site is discussed. It discusses the author's views on the environmental and moral issues of carbon trading. He believes that effective action on climate change involves...

  • Research on Chinese Emissions Trading System Pilots. Yang Su; Zhao Tian // Advanced Materials Research;2014, Vol. 1073-1076, p2779 

    Climate change has become one of the most concerned problems throughout the world. Since carbon trading is an essential way to reduce the emission, China has conducted seven ETS pilots and the size of market as well as the level of activity is in the world-leading status. Now Chinese carbon...

  • An Analysis of the Leading Climate Change Bills in the U.S. Senate. Richards, Kenneth R.; Richards, Stephanie Hayes // Environmental Law Reporter: News & Analysis;Jun2008, Vol. 38 Issue 6, p10388 

    The two leading broad-based climate change bills in the U.S. Senate are America's Climate Security Act of 2007 (Warner-Lieberman Bill) and the Low Carbon Economy Act of 2007 (Bingaman-Specter Bill). In this Article, Prof. Kenneth R. Richards and Stephanie Hayes Richards examine the most...

  • EDITORS' NOTE. Lopes, Paulo A.; Sky, Melissa Blue // Sustainable Development Law & Policy;Winter2011, Vol. 11 Issue 2, p1 

    An introduction is presented which mentions articles within the issue on proposed climate change mitigation policies in countries such as China and the U.S., carbon markets, and reducing emissions from deforestation and forest degradation (REDD) programs.

  • POLÍTICAS DE MITIGAÇÃO DE MUDANÇAS CLIMÁTICAS E SEUS EFEITOS SOBRE O BRASIL. França, Franklin Pedro; Gurgel, Angelo Costa // Brazilian Review of Economics & Agribusiness / Revista de Econom;mai-ago2012, Vol. 10 Issue 2, p131 

    The study estimates the impacts of climate change policies that may be adopted by US, European Union (EU) and Brazil in a time frame of 20 years. We use a general equilibrium model of the world economy, built to project greenhouse gas (GHG) emissions and simulate policies to reduce such...

  • Carbon Cop-Out. Keeler, Dan // Global Finance;Jul/Aug2008, Vol. 22 Issue 7, p2 

    The author reflects on the effect of growing carbon trading on the environment and society. He stresses that the growth of carbon emissions from this business has played a big role to the global climate change. He argues that the growing trade is not an ideal world and the trading system does...

  • Supporting and evaluation systems of low carbon transport: Study on theory and practice. Huang, Yin; Hu, Xiaoping; Zhang, Dezhi; Fang, Xiaoping; Li, Xiamiao // Advances in Mechanical Engineering (Sage Publications Inc.);2016, Vol. 8 Issue 1, p1 

    Climate change is an extremely serious international problem, which is concerned by all the communities in the world. As a major sector of energy consumption and the main source of carbon emissions, it is necessary for the Chinese transportation sector to take on a low carbon development path in...

  • Trucks taking on climate change. Jones, Peter // Manufacturers' Monthly;Oct2008, p12 

    The article reports on the mandatory reporting for emissions trading and greenhouse gas (GHG) emissions introduced by the Australian government on some truck companies. The initiative was undertaken to address the reduce GHG emissions and environmental effects of climate change. It relates that...

Share

Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics