“One of the most important tasks facing the United States, the European Union, and indeed the entire global economy, is updating the rules of the multilateral trading system enshrined in the World Trade Organization so they strike a better balance between free trade and preservation of the climate. While the two need not be in conflict with each other over the long term, it is challenging to imagine countries combating climate change without some scope for measures that may restrict trade in the short term”, as stated by the author in his conclusion.
The views, conclusions and recommendations expressed in this report are solely those of its author and do not reflect the views of the Konrad-Adenauer-Stiftung, or its employees.