Hufbauer, Gary Clyde/ Charnovitz, Steve/ Kim, Jisun

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To answer the challenge of finding a best-practices approach, Global Warming and the World Trading System looks at the economic aspects of greenhouse gas emissions and seeks a policy method to reduce them without adversely affecting global trade. The book begins with a survey of relevant data, such as emissions reports per sector, and evaluates current US climate policy options, focusing on the intricacies of specific Congressional bills. In this vein, this study examines whether the competitiveness provisions now under consideration are compatible with the rules of the World Trade Organization and explores the pragmatic opportunities it should capitalize on in order to accomplish two goals simultaneously: (1) Ensure "policy space" for countries to limit national GHG emissions without sacrificing the competitive position of their own industries. (2) Preserve an open trading system relatively free of discrimination and opportunistic protectionist measures.