Trade and the Environment: The Legal Context

Hans Wiesmeth
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Hans Wiesmeth: TU Dresden, Faculty of Business and Economics

Chapter Chapter 13 in Environmental Economics, 2022, pp 253-268 from Springer

Abstract: Abstract This chapter provides a brief characterization of the international dimension of environmental economics in its relation to international trade. An overview of the “links between trade and environment” demonstrates the increasing importance that these two fields have for each other. However, the international competitiveness of private companies may also be harmed by high environmental standards, even if they refer only to local pollution, and thus indicate an international dimension of local pollution. The chapter first deals with environmental aspects related to the GATT and theWTO. Thereafter, with the examples of the EU and USMCA, regional trade agreements will be investigated with respect to their environmental relevance. Strategic issues conclude the chapter with the question of the extent to which a climate club with its trade sanctions for nonparticipants could support global efforts to mitigate climate change.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-05929-2_13

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DOI: 10.1007/978-3-031-05929-2_13

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