by Jeffrey Frankel
- The global climate regime, as represented by the Kyoto Protocol, may be on a collision course with the global trade policy regime, as represented by the WTO (World Trade Organization). Environmentalists fear that international trade will undercut efforts to reduce greenhouse gas (GHG) emissions as carbon-intensive production migrates to non-participating countries-a phenomenon known as leakage. Meanwhile businesspeople fear the adverse effects of disparate climate policies on their own competitiveness. This paper discusses how global environmental goals and trade goals can be reconciled.
Frankel, J. (2009). "Global Environment and Trade Policy." Belfer Center Discussion Harvard Kennedy School Paper Series Discussion Paper #09-01, April 2009.