From Breakingviews - How to crack the climate free rider problem
” initiatives – where rich countries seek to reduce their dependence on China by building up supply chains in other places – are producing new trade opportunities for the likes of India. But these are not conditional on reducing carbon emissions.
When it comes to wielding the carbon tariff stick, the main problem is how to avoid falling foul of the World Trade Organization’s non-discrimination rules. The EU thinks it has avoided the issue because it already requires domestic manufacturers to buy permits for every tonne of carbon they emit. The carbon border tariff will make overseas producers pay an equivalent price.
Without a big carrot and a big stick, though, the climate club will be a low-key affair. The only large emerging economies to join so far are Argentina and Indonesia. And for the time being, the club is focusing on the useful but hardly game-changing task of setting standards for green industrial products.The other idea – of China and the United States together signing up to more ambitious decarbonisation pledges – will also be hard to bring to fruition.
China might be prepared to tighten its targets if others were willing to be more ambitious. The problem is that President Joe Biden cannot do much more until after next year’s presidential election. If Donald Trump returns to the White House, the battle against climate change would take a step back.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Planet Of The Apes 2 Recast Cornelius (& Why The Actor Came Back)The original Planet of the Apes franchise saw two different actors play Cornelius. But what was the reason behind the recast in the first place?
Consulte Mais informação »
Captain Sir Tom Moore: What has happened to his legacy?How much money did Captain Tom raise and why is his family under the spotlight?
Consulte Mais informação »
XRP, ADA Prices Have High Chances of Rebounding, Santiment Says, Here’s Why.santimentfeed $XRP, $ADA may rebound soon after the recent sell-off on the market, Santiment believes
Consulte Mais informação »
Why a Relationship’s Honeymoon Phase Is OverratedThat initial “spark” that people love to wax lyrically about rekindling is mainly just good old-fashioned anxiety.
Consulte Mais informação »
Oversleeping: What Is It, Why Is It Happening and How Do I Make It Stop?Occasionally oversleeping is perfectly normal. But if it\u2019s a consistent pattern, there may be more at play than just being tired. Learn what to do if you feel like you can\u2019t get enough sleep.
Consulte Mais informação »