Green Industrial Policy and World Trade Law
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Description
Green industrial policy is a response to the mispricing of carbon (failing to account for externalities); price signals are inadequate to spur a socially optimal level of investment in renewable technologies. From the perspective of world trade law, green industrial policy becomes problematic where states combine “greening” objectives with the traditional industrial policy ones of creating local jobs and boosting local industries. This latter aspect is apt to be viewed as protectionism.
Source Publication
Elgar Encyclopedia of Environmental Law
Source Editors/Authors
Michael Faure
Publication Date
2021
Volume Number
XI: Trade and Environmental Law
Recommended Citation
Howse, Robert L., "Green Industrial Policy and World Trade Law" (2021). Faculty Chapters. 831.
https://gretchen.law.nyu.edu/fac-chapt/831
