Trade, Onshoring, and International Climate Policy Tensions Among Allies | Harvard Climate Symposium
As countries around the world undertake efforts to cut their greenhouse gas emissions, the variation in the ambition and the form of emission reduction policies have drawn heightened attention to the trade implications of climate change policy. Whether it is carbon border adjustments that impose a price on the carbon embedded in imported goods comparable to those manufactured domestically, or clean energy subsidies that favor domestic production, policymakers have focused on ways to enhance their manufacturing competitiveness under climate change policy. While steps like this can address domestic political concerns, they can also contribute to tensions among trade partners. This session explored the political, economic, legal, and institutional questions at the intersection of trade, climate, and industrial policy.
Fri, May 26, 2023