Description
Book SynopsisThis insightful Handbook provides a comprehensive overview of the most recent developments in the academic debate on the numerous and complex linkages between international trade and climate change.
Adopting a broad interdisciplinary approach, it brings together perspectives from scholars in economics, political science and legal studies to confront the critical environmental challenges posed by globalization. Initial chapters provide an overview of the key debates related to international trade and climate policy, engaging with empirical data from the US and China to assess the impact of new trade initiatives and policy on greenhouse gas emissions, carbon leakage and the increase of trade in carbon-intensive products. Contributors propose policy options that align international trade with climate change mitigation and address crucial legal and practical implications, including the implementation of Border Carbon Adjustments and international trade disputes.
Offering critical and empirically-based perspectives on the future of international trade policy, this timely Handbook is crucial reading for scholars, researchers and graduate students in political science, public policy and climate research. Policymakers will also benefit from its unique and insightful policy recommendations.
Trade Review‘In the run up to 2030, all trade policy analysts must become fluent in trade and climate issues. This timely and authoritative book is an excellent place to start digging into climate-linked trade issues ranging from carbon leakage and border tax adjustments to production and consumption-based carbon accounting. Written by leading scholars, the chapters are rigorous and comprehensive while remaining accessible.’ -- Richard Baldwin, Graduate Institute, Geneva
Table of ContentsContents: Foreword xiii Aik Hoe Lim Preface xiv 1 Introduction to the Handbook on Trade Policy and Climate Change 1 Michael Jakob PART I LINKAGES BETWEEN INTERNATIONAL TRADE AND CLIMATE CHANGE 2 Trade and climate change: working through the conflicts and synergies 12 Aaron Cosbey 3 Globalization and greenhouse gas emissions: is the United States a pollution haven? 22 Claire Brunel and Arik Levinson 4 Energy crossroads under China’s Belt and Road Initiative 43 Fernando Ascensão 5 Empirical evidence and projections of carbon leakage: some, but not too much, probably 58 Justin Caron PART II POLICY OPTIONS TO ALIGN INTERNATIONAL TRADE WITH CLIMATE CHANGE MITIGATION 6 Free allocation of emission permits to reduce carbon leakage: an evolutionary approach 76 Angelo Antoci, Simone Borghesi, Gianluca Iannucci and Mauro Sodini 7 Output-based allocation and output-based rebates: a survey 93 Philippe Quirion 8 International cooperation for decarbonizing energy intensive industries: the case for a Green Materials Club 107 Max Åhman, Marlene Arens and Valentin Vogl 9 The potential of trade sanctions to overcome the small coalition paradox: a review of the literature 124 Juan Sesmero and Alecia Evans 10 The political economy of emissions trading 144 Sanjay Patnaik PART III LEGAL AND PRACTICAL CONSIDERATIONS 11 How to design border carbon adjustments 162 Susanne Droege and Maria Panezi 12 Using the trade regime to phase out fossil fuel subsidies 179 Harro van Asselt, Tom Moerenhout and Cleo Verkuijl 13 Towards an Environmental Goods Agreement Style (EGAST) agenda to improve the regime complex for climate change 202 Jaime de Melo and Jean-Marc Solleder 14 International trade disputes on renewable energy 222 Alessandro Monti PART IV DISTRIBUTIONAL AND EQUITY ISSUES 15 Production- and consumption-based accounting: an overview of the debate 242 Stavros Afionis and Marco Sakai 16 Technology-adjusted carbon accounting 259 Nicolai Baumert, Magnus Jiborn, Astrid Kander and Viktoras Kulionis 17 Distributional effects of environmental trade measures 275 Lutz Sager 18 Climate impacts and global supply chains: an overview 293 Leonie Wenz and Sven N. Willner 19 Epilogue 320 Michael Jakob Index
