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Rethinking Climate Change Governance and its Relationship to the World Trading System

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  • Scott BARRETT

    (Johns Hopkins University)

Abstract

International climate negotiations have thus far eschewed efforts to incorporate trade restrictions, but they have also failed to achieve their objective of reducing global emissions. Because of this failure, some countries are now inclined to act unilaterally and minilaterally, in many cases by imposing trade restrictions against third parties. Such actions are likely to invite retaliation. They could even ignite an escalating trade war. The best way to avoid such conflicts is not to limit the use of trade restrictions but to make international climate negotiations effective. Ironically, success in addressing climate change multilaterally may require incorporating trade restrictions in a new kind of climate agreement.

Suggested Citation

  • Scott BARRETT, 2011. "Rethinking Climate Change Governance and its Relationship to the World Trading System," Working Papers P20, FERDI.
    • Handle: RePEc:fdi:wpaper:663
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dongxu Chen & Xiaoying Chang & Tao Hong & Tao Ma, 2023. "Domestic Regional Synergy in Achieving National Climate Goals—The Role of Comparative Advantage in Emission Reduction," Land, MDPI, vol. 12(9), pages 1-23, September.
    2. Michael Jakob & Jan Christoph Steckel & Ottmar Edenhofer, 2014. "Consumption- Versus Production-Based Emission Policies," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 297-318, October.
    3. John Whalley, 2011. "What Role for Trade in a Post‐2012 Global Climate Policy Regime," The World Economy, Wiley Blackwell, vol. 34(11), pages 1844-1862, November.
    4. Alexandre SAUQUET, 2011. "Exploring the Nature of Strategic Interactions in the Ratification Process of the Kyoto Protocol," Working Papers 201119, CERDI.
    5. Fouré, Jean & Guimbard, Houssein & Monjon, Stéphanie, 2016. "Border carbon adjustment and trade retaliation: What would be the cost for the European Union?," Energy Economics, Elsevier, vol. 54(C), pages 349-362.
    6. Patrick MESSERLIN, 2011. "Climate, trade and water: A “grand coalition”?," Working Papers P23, FERDI.
    7. Christoph Böhringer & Thomas F. Rutherford, 2017. "Paris after Trump: An Inconvenient Insight," CESifo Working Paper Series 6531, CESifo.
    8. Alexandre Sauquet, 2014. "Exploring the nature of inter-country interactions in the process of ratifying international environmental agreements: the case of the Kyoto Protocol," Public Choice, Springer, vol. 159(1), pages 141-158, April.
    9. Jean Fouré & Houssein Guimbard & Stéphanie Monjon, 2013. "Border Carbon Ajustment in Europe and Trade Retaliation: What would be the Cost for European Union?," Working Papers 2013-34, CEPII research center.
    10. Achim Hagen & Jan Schneider, 2017. "Boon or Bane? Trade Sanctions and the Stability of International Environmental Agreements," Working Papers V-403-17, University of Oldenburg, Department of Economics, revised Sep 2017.
    11. Hideo Konishi & Minoru Nakada & Akihisa Shibata, 2018. "Free Trade Agreements with Environmental Standards," Boston College Working Papers in Economics 972, Boston College Department of Economics.
    12. Jeremiás Máté Balogh & Tamás Mizik, 2023. "Global Impacts of Climate Policy and Trade Agreements on Greenhouse Gas Emissions," Agriculture, MDPI, vol. 13(2), pages 1-13, February.
    13. Jeremiás Máté Balogh & Tamás Mizik, 2021. "Trade–Climate Nexus: A Systematic Review of the Literature," Economies, MDPI, vol. 9(3), pages 1-19, June.
    14. Patrick MESSERLIN, 2011. "Climate, trade and water: A “grand coalition”?," Working Papers P23, FERDI.
    15. Balogh, Jeremiás Máté, 2021. "A kereskedelmi megállapodások szerepe a klímaváltozásban. Szakirodalmi áttekintés [The role of trade agreements in climate change. Systematic literature review]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 540-563.

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    More about this item

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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