Publisher_externalNews
Bloomberg
https://www.bloomberg.com/news/articles/2020-05-04/how-does-global-trade-affect-climate-change
Eric Roston
May 4, 2020
Tariffs and other features of the global trade system are interfering with climate goals and indirectly subsidizing fossil fuels, according to a new study by associate agricultural and resource economics professor Joseph Shapiro. He calls the interference an "environmental bias." He says it hasn't been measured in the trade system previously, but it's worth between $550 billion and $800 billion a year, amounting to more than direct subsidies that governments paid in the form of tax incentives to big greenhouse gas emitters in 2007. "This research is pointing out that different sets of policies that seem completely separate -- trade policy and climate change -- are connected quite closely in ways people might not have noticed," he says. For more on this, see our press release at Berkeley News.