A REGIME UPENDED
Down To Earth|February 16, 2023
The US and EU have finally come on board on green industrial policy, but they are kicking away that ladder for other countries
A REGIME UPENDED

THE CLIMATE-FOCUSSED trade measures introduced by the US and European countries in recent months mark a huge reversal of their approach to global trade governance. In the past three decades, these rich countries have often joined forces through the World Trade Organization (WTO) and tried to knock down trade barriers and encourage countries to treat one another's products equally to boost global commerce and, in their estimation, to bring about stability of the global economy.

To understand this dynamic, you have to view how the free trade regime came about, says Sunita Narain, director-general of the Centre for Science and Environment (CSE), Delhi. In the 1990s, the rich world found that it would be cheaper for its industries to set up shop in parts of the world, like in China, where labour was cheap, labour conditions were weak and environmental safeguards could be ignored. As a result, the rich world "exported" their emissions to the balance sheet of "other" countries and continued to consume goods at cheaper rates, while not reducing their domestic emissions, Narain explains.

According to Sanjay Reddy, chair of the Department of Economics at the New School for Social Research, US, measures like CBAM are being imposed in an already uneven context, due to the prior failure of rich countries to make good on their promises to make green technologies more accessible to developing countries through extending knowledge or providing financing. One way to implement such compensation would be, suggests Reddy, to operationalise cbam but to remit all of the taxes collected to exporting countries, which could then choose to transfer some of these funds to affected industries and firms as grants to aid in the implementation of clean technologies.

この蚘事は Down To Earth の February 16, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Down To Earth の February 16, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

DOWN TO EARTHのその他の蚘事すべお衚瀺
A SPRIG TO CARE FOR
Down To Earth

A SPRIG TO CARE FOR

Punarnava, a perennial herb, is easy to grow and has huge health benefits

time-read
3 分  |
November 01, 2024
DIGGING A DISASTER
Down To Earth

DIGGING A DISASTER

Soapstone mining near Dabti Vijaypur village has caused many residents to migrate.

time-read
2 分  |
November 01, 2024
REVIEW THE TREATMENT
Down To Earth

REVIEW THE TREATMENT

Several faecal sludge treatment plants in Uttar Pradesh suffer from design flaws that make the treatment process both expensive and inefficient

time-read
3 分  |
November 01, 2024
MAKE STEEL SUSTAINABLE
Down To Earth

MAKE STEEL SUSTAINABLE

As India works to double its GDP by 2030, its steel industry must balance growth with sustainability. By embracing policies like the Steel Scrap Recycling Policy 2019 and adopting green technologies, India is paving the way for a more sustainable future in steel production

time-read
4 分  |
November 01, 2024
Can ANRF pull off the impossible for India?
Down To Earth

Can ANRF pull off the impossible for India?

Anusandhan National Research Foundation is expected to reorient India's innovation goals but funding issues, old mindsets remain a drag

time-read
4 分  |
November 01, 2024
TROUBLED WOODS
Down To Earth

TROUBLED WOODS

Forests are a great bulwark against climate change. But this is fast changing. AKSHIT SANGOMLA travels through some of the pristine patches of the Western Ghats to explore how natural disturbances triggered by global warming now threaten the forest health

time-read
10+ 分  |
November 01, 2024
BLINDING GLOW
Down To Earth

BLINDING GLOW

The science is clear: increased illumination has damaging consequences for the health of humans, animals and plants. It’s time governments introduced policies to protect the natural darkness and improved the quality of outdoor lighting.

time-read
10+ 分  |
November 01, 2024
GROUND REALITY
Down To Earth

GROUND REALITY

What happens when the soil loses the ability to grow healthy, high-yield crops on its own?

time-read
6 分  |
November 01, 2024
GM POLICY MUST BE FARMER CENTRIC
Down To Earth

GM POLICY MUST BE FARMER CENTRIC

On July 23, the Supreme Court of India directed the Union government to develop a national policy on genetically modified (GM) crops for research, cultivation, trade and commerce through public consultation.

time-read
6 分  |
November 01, 2024
Vinchurni's Gandhi
Down To Earth

Vinchurni's Gandhi

A 96-year-old farmer transforms barren land into a thriving forest in drought-prone region of Satara

time-read
2 分  |
November 01, 2024