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The US Proposed Carbon Tariffs, WTO Scrutiny and China’s Responses

  • ZhongXiang Zhang
Chapter

Abstract

There is a growing consensus that climate change has the potential to seriously damage our natural environment and affect the global economy, thus representing the world’s most pressing long-term threat to future prosperity and security. With greenhouse gas emissions embodied in virtually all products produced and traded in every conceivable economic sector, effectively addressing climate change will require a fundamental transformation of our economy and the ways that energy is produced and used. This will certainly have a bearing on world trade as it will affect the cost of production of traded products and therefore their competitive positions in the world market. This climate-trade nexus has become the focus of an academic debate (e.g., Bhagwati and Mavroidis 2007; Charnovitz 2003; Ismer and Neuhoff 2007; Swedish National Board of Trade 2004; The World Bank 2007; Zhang 1998, 2004, 2007a; Zhang and Assunção 2004), and gains increasing attention as governments are taking great efforts to implement the Kyoto Protocol and forge a post-2012 climate change regime to succeed it.

Keywords

Emission Trading Scheme Emission Allowance Commitment Period Border Carbon Adjustment Trade Provision 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Physica-Verlag HD 2011

Authors and Affiliations

  1. 1.East-West CenterHonoluluUSA

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