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Leveling the Carbon Playing Field - International Competition and US Climate Policy Design (Paperback)
Loot Price: R441
Discovery Miles 4 410
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(14%)
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Leveling the Carbon Playing Field - International Competition and US Climate Policy Design (Paperback)
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List price R514
Loot Price R441
Discovery Miles 4 410
You Save R73 (14%)
Expected to ship within 12 - 17 working days
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As political momentum surrounding climate change builds in the US,
policymakers are taking a fresh look at national climate policy and
American involvement in multilateral climate negotiations. And as
in years past, the potential economic impact of any US effort to
reduce greenhouse gas emissions stands as a central question in the
Washington policy debate. Of particular concern is the effect
climate policy would have on carbon-intensive US manufacturing.
Many of these industries are already under pressure from foreign
competition, particularly large emerging economies like China,
India, and Brazil that are not bound to reduce emissions under the
current international climate framework. As the Congress takes up
domestic climate legislation and the Administration reengages in
multilateral climate negotiations, policymakers are looking for
ways to avoid putting US industry at a competitive disadvantage
vis-a-vis countries without similar climate policy, lest a decline
in industrial emissions at home is simply replaced by increases in
emissions abroad. While this would be best achieved through
harmonized international climate policy, the differences between
countries in level of economic development, obligations stemming
from historic emissions and responsibilities arising from future
emissions, mean harmonization is still a long way off. The question
then, in the design of domestic US climate policy today, is how to
level the playing field for carbon-intensive industries during a
period of transition, where trading partners are moving at
different speeds and adopting a variety of policies to reduce
emissions...and how to do so in a way that doesn't threaten the
prospects of broader international agreement down the road. This
book, a collaboration between the Peterson Institute for
International Economics and the World Resources Institute, tackles
these issues through an assessment of the economics and trade flows
of key carbon-intensive industries. They evaluate a wide range of
policy options, including those that would impose carbon costs on
foreign-produced goods at the border (currently included in draft
US legislation and under consideration in the EU) in terms of their
effectiveness in reducing emissions and addressing competitiveness
issues and their impact on health of multilateral trade and climate
negotiations.
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