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Environmental Economics

International Trade and Climate Change: Economic, Legal, and by World Bank

By World Bank

Weather switch continues to be an international problem requiring overseas collaborative motion. one other sector the place international locations have effectively dedicated to a long term multilateral solution is the liberalization of overseas alternate. Integration into the area economic system has confirmed a strong skill for nations to advertise financial progress, improvement, and poverty aid. The vast targets of the betterment of present and destiny human welfare are shared by means of either international alternate and weather regimes. but either weather and exchange agendas have developed principally independently over the years, regardless of their at the same time aiding targets. given that worldwide emission ambitions and international alternate goals are shared coverage pursuits of such a lot nations, and the majority of the area Bank's consumers, it is smart to contemplate the 2 units of pursuits jointly.

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Extra info for International Trade and Climate Change: Economic, Legal, and Institutional Perspectives

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Energy efficiency standards. Energy efficiency standards and labeling schemes for appliances and equipment now play an important role in many OECD countries’ energy and environmental strategies. Energy efficiency standards may be designed and implemented in many different ways, for example, as technical specifications or as industry norms implemented through regulations or voluntary agreements. Performance standards for electrical appliances, usually known as minimum energy performance standards (MEPS), are now common and impose a minimum energy efficiency rating or a maximum consumption rating for all the products on the market.

5 They suggest use of trade measures either as tools to maximize the welfare of the importing country, if it is directly affected by pollution from the exporting country (as in a transboundary pollution), or as “weapons” to persuade the exporting country to introduce some standard measures of pollution control. It is difficult in such a general framework to get much sense of the appropriate magnitude of such tariffs and their potential effects. Further, much of the focus in the literature is on local pollution in a two-country setting where transboundary pollution in one affects the other, as opposed to global pollution (like GHG emissions), which affects the entire world.

12 Article XX provides for possible exceptions to the preceding requirements. Two of these exceptions are of particular relevance to climate change policies. Articles XX(b) and (g) allow WTO members to justify GATT-inconsistent measures if these are either necessary to protect human, animal, or plant life or health, or if the measures relate to the conservation of exhaustible natural resources, respectively. Moreover, the chapeau of Article XX requires that these measures not arbitrarily or unjustifiably discriminate between countries where the same conditions prevail, nor constitute a disguised barrier to trade.

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