Climate Change Policies: Some Trade-Related Implications
Article from: OGEL 1 (2004), in Climate Change
Oil-producing countries have a legitimate concern that the implementation of the Kyoto Protocol may result in emission reduction policies that will reduce demand for oil and other carbon-intensive fuels, with potentially severe adverse impacts on their economies. In order to achieve their emission-related goals, the concerned countries will have to use a combination of policies and instruments: some of them may have repercussions on the international trade of a number of goods and services. The Kyoto Protocol of 1997 sets legally binding emission limits and reduction commitments ...