A new working paper that analyses possible options for the European Union to react to the U.S. non-participation in the Kyoto Protocol is now available.
In particular, the paper argues that it would be permissible under world trade law for the European Union to enact comprehensive border adjustments on energy taxes against the United States. Such border tax adjustments could be made, for example, when U.S. products are imported into Europe, to adjust for the much lower energy prices in the United States. They could also take the form of special rebates on energy-intensive E.U. exports to the United States to adjust for the higher energy prices in Europe, in particular in those countries that
have enacted ambitious energy taxation schemes to implement the Kyoto Protocol.
This working paper "Implementing the Kyoto Protocol Without the United States: The Strategic Role of Energy Tax Adjustments at the Border" can be downloaded at: http://www.glogov.org/workingpapers/index.html
Hans-Dieter Sohn
Research Fellow, Global Governance Project
http://www.glogov.org/team/sohn/index.html
sohn@glogov.org
For more information, please visit the website of the
United Nations Framework Convention on Climate Change:
http://unfccc.int/
In particular, the paper argues that it would be permissible under world trade law for the European Union to enact comprehensive border adjustments on energy taxes against the United States. Such border tax adjustments could be made, for example, when U.S. products are imported into Europe, to adjust for the much lower energy prices in the United States. They could also take the form of special rebates on energy-intensive E.U. exports to the United States to adjust for the higher energy prices in Europe, in particular in those countries that
have enacted ambitious energy taxation schemes to implement the Kyoto Protocol.
This working paper "Implementing the Kyoto Protocol Without the United States: The Strategic Role of Energy Tax Adjustments at the Border" can be downloaded at: http://www.glogov.org/workingpapers/index.html
Hans-Dieter Sohn
Research Fellow, Global Governance Project
http://www.glogov.org/team/sohn/index.html
sohn@glogov.org
For more information, please visit the website of the
United Nations Framework Convention on Climate Change:
http://unfccc.int/