The EU’s Triangular Dilemma on Climate and Trade

The EU’s ambitious plans to slash greenhouse-gas emissions over the next ten years will exacerbate tensions between domestic political concerns over the economic dislocations this might cause and its international trade obligations.

 
The European Commission has designed a Carbon Border Adjustment Mechanism that seeks to placate domestic anxieties while being consistent with World Trade Organization law.

Simultaneously solving the EU’s climate ambitions, domestic politics, and international law, however, is an impossible task, mainly because the Paris Climate Agreement allows countries to determine their own approach to reducing carbon emissions and the World Trade Organization cannot and will not try to override this.

This triangular dilemma should not be solved through the World Trade Organization’s  dispute-settlement mechanism; instead, the EU needs to do so in the context of the Paris Agreement.

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Πηγή: gmfus.org