By Svetlana German
As the United States considers unilateral climate change action, uncertainty exists as to the compatibility of the proposed trade-related measures to global warming. This paper considers the rationale behind trade measures designed to address competitiveness and carbon leakage, and assesses the WTO legality of the proposed measures in the Waxman-Markey Bill and proposes alternative mechanisms that may yield economically sound solutions while remaining mindful of equitable principles.
Read the report The Costs of Carbon: Examining the Competitiveness and International Trade Dimensions of the Waxman-Markey House Bill in Columbia Law School's Scholarship Archive.