Zhang, ZhongXiang (1998): Greenhouse gas emissions trading and the world trading system.
Download (113Kb) | Preview
This article examines whether a greenhouse gas emissions trading scheme has the potential to bring parties into conflict with the WTO provisions in dealing with the initial allocation of permits, non-compliance with emissions targets, emissions trading system enlargement, and trade measures against non-members of an emissions trading club, and relates the discussion to joint implementation with developing countries. To our knowledge, this is the first article to analyze potential conflicts between an international emissions trading scheme and the world trade system.
|Item Type:||MPRA Paper|
|Original Title:||Greenhouse gas emissions trading and the world trading system|
|Keywords:||Emissions trading; climate change; WTO scrutiny; trade-related measures; compliance|
|Subjects:||K - Law and Economics > K3 - Other Substantive Areas of Law > K32 - Environmental, Health, and Safety Law
F - International Economics > F1 - Trade > F18 - Trade and Environment
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q52 - Pollution Control Adoption Costs; Distributional Effects; Employment Effects
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters; Global Warming
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy
|Depositing User:||ZhongXiang Zhang|
|Date Deposited:||24. Jan 2009 06:35|
|Last Modified:||11. Feb 2013 23:05|
Babiker, M.H, Maskus, K.E. and T.F. Rutherford (1997), Carbon Taxes and the Global Trading System, mimeo, Department of Economics, University of Colorado.
Barrett, S. (1994), Climate Change Policy and International Trade, in A. Amano et al. (eds.), Climate Change: Policy Instruments and their Implications, Proceedings of the Tsukuba Workshop of IPCC Working Group III, Tsukuba, Japan, 17-20 January, pp. 15-33.
Bill, S. (1997), European Commission’s Experience in Designing Environmental Taxation for Energy Products, Presented at the European Union Advanced Study Course on Goals and Instruments for the Achievement of Global Warming Mitigation in Europe, 20-26 July, Berlin.
Brack, D. (1996), International Trade and the Montreal Protocol, The Royal Institute of International Affairs and Earthscan, London.
CCAP (1997), Integration of Joint Implementation into an Annex I Greenhouse Gas Trading System: Summary of Key Points, Center for Clean Air Policy (CCAP), Washington, DC.
Charnovitz, S. (1991), Exploring the Environmental Exceptions in GATT Article XX, Journal of World Trade, Vol. 25, No. 5, pp. 37-55.
Cline, W.R. (1992), The Economics of Global Warming, Institute of Interna¬tional Economics, Washington, DC.
Cramton, P. and S. Kerr (1998), Tradeable Carbon Allowance Auctions: How and Why to Auction, mimeo, University of Maryland at College Park.
Esty, D. (1994), Greening the GATT: Trade, Environment and the Future, Institute of International Economics, Washington, DC.
GATT (1991), United States - Restrictions on Imports of Tuna, Report of the Panel DS21/R, September 3, General Agreement on Tariffs and Trade (GATT), Geneva.
GATT (1992), International Trade 90-91, General Agreement on Tariffs and Trade (GATT), Geneva.
GATT (1994), United States - Restrictions on Imports of Tuna, Report of the Panel DS29/R, June 16, General Agreement on Tariffs and Trade (GATT), Geneva.
Hargrave, T. (1998), US Carbon Emissions Trading: Description of an Upstream Approach, Center for Clear Air Policy, Washington, DC.
Hoel, M. (1996), Should a Carbon Tax Be Differentiated across Sectors?, Journal of Public Economics, Vol. 59, No. 1, pp. 17-32.
Hoeller, P. and J. Coppel (1992), Carbon Taxes and Current Energy Policies in OECD Countries, OECD Economic Studies, No. 19, pp. 167-93.
Hudec, R.E. (1996), GATT Legal Restraints on the Use of Trade Measures against Foreign Environmental Practices, in J. Bhagwati and R.E. Hudec (eds.), Fair Trade and Harmonization: Prerequisites for Free Trade?, Volume 2: Legal Analysis, The MIT Press, Cambridge, Massachusetts, pp. 95-174.
IPCC (1996), Climate Change 1995: Economic and Social Dimensions of Climate Change, Contribution of Working Group III to the Second Assessment Report of the Intergovern¬mental Panel on Climate Change (IPCC), Cambridge University Press, Cambridge.
McLean, B. (1997), The Evolution of Marketable Permits: the US Experience with Sulphur Dioxide Allowance Trading, in D. Anderson and M. Grubb (eds.), Controlling Carbon and Sulphur: Joint Implementation and Trading Initiatives, The Royal Institute of International Affairs, London, pp. 83-104.
OECD (1998), Ensuring Compliance with a Global Climate Change Agreement, ENV/EPOC(98)5, Organisation for Economic Co-operation and Development (OECD), Paris.
Parry, Ian W.H., Williams III, R.C. and L.H. Goulder (1997), When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets, Resources for the Future, Washington, DC.
Pearce, D. (1991), The Role of Carbon Taxes in Adjusting to Global Warming, The Economic Journal, Vol. 101, pp. 938-948.
Pezzey, J. (1992), The Symmetry between Controlling Pollution by Price and Controlling it by Quantity, Canadian Journal of Economics, Vol. 25, No. 4, pp. 983-991.
Poterba, J.M. and J.J. Rotemberg (1995), Environmental Taxes on Intermediate and Final Goods When Both Can Be Imported, International Tax and Public Finance, Vol. 2, pp. 221-228.
UNCTAD (1995), Controlling Carbon Dioxide Emissions: The Tradeable Permit System, UNCTAD/GID/11, United Nations Conference on Trade and Development (UNCTAD), Geneva.
UNCTAD (1998), Greenhouse Gas Emissions Trading: Defining the Principles, Modalities, Rules and Guidelines for Verification, Reporting and Accountability, United Nations Conference on Trade and Development (UNCTAD), Geneva.
UNFCCC (1997), Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC), FCCC/CP/1997/L.7/Add.1, Bonn.
USDOS (1998), The Kyoto Protocol on Climate Change, United States Department of State (USDOS), 15 January, Washington, DC.
Vaughan, S. (1997), Tradeable Emissions Permits and the WTO, Presented at the European Union Advanced Study Course on Goals and Instruments for the Achievement of Global Warming Mitigation in Europe, 20-26 July, Berlin.
Weitzman, M.L. (1974), Prices vs. Quantities, Review of Economic Studies, Vol. 41, pp. 477-491.
Wiener, J.B. (1997), Designing Markets for International Greenhouse Gas Control, Resources for the Future, Washington, DC.
WTO (1995), The Results of the Uruguay Round of Multilateral Trade Negotiations: The Legal Texts, World Trade Organization (WTO), Geneva.
Yellen, J. (1998), Statement before the House Commerce Subcommittee on Energy and Power on the Economics of the Kyoto Protocol, 4 March, Washington, DC.
Zhang, Z.X. (1997a), The Economics of Energy Policy in China: Implications for Global Climate Change, New Horizons in Environmental Economics Series, Edward Elgar, Cheltenham, England.
Zhang, Z.X. (1997b), Operationalization and Priority of Joint Implementa¬tion Projects, Interecon¬omics, Vol. 32, No. 6, pp. 280-292.
Zhang, Z.X. (1998), Towards a Successful International Greenhouse Gas Emissions Trading, Presented at the Seminar Organised by the United Nations Conference on Trade and Development, A Side Event of the Eighth Sessions of the Subsidiary Bodies of the UNFCCC, June 8, Bonn.
Zhang, Z.X. and A. Nentjes (1998), International Tradeable Carbon Permits as a Strong Form of Joint Implemen¬tation, in J. Skea and S. Sorrell (eds.), Pollution for Sale: Emissions Trading and Joint Implementa¬tion, Edward Elgar, Cheltenham, England.