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Legal Aspects of Carbon TradingKyoto, Copenhagen, and beyond$
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David Freestone and Charlotte Streck

Print publication date: 2009

Print ISBN-13: 9780199565931

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199565931.001.0001

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Trade and Investment Implications of Carbon Trading for Sustainable Development

Trade and Investment Implications of Carbon Trading for Sustainable Development

(p.77) 4 Trade and Investment Implications of Carbon Trading for Sustainable Development
Legal Aspects of Carbon Trading

Cordonier Segger Marie-Claire

Gehring Markus

Oxford University Press

This chapter briefly examines, based on recent legal analysis and scholarship in the field of sustainable development, the trade and investment implications of carbon trading. First, it considers how trade regimes, investment rules, and emissions trading schemes can serve as tools for sustainable development. It then examines the trade and investment implications of new emissions trading regulations, suggesting ways to minimize overlaps with trade and investment disciplines when drafting carbon-related regulations, and addressing issues related to technology transfer. It considers how trade and investment regimes might be refined to complement and support climate-change-related measures. The chapter concludes with a call for integration and, at a minimum, coherence among trade, investment, and climate change regimes that share common sustainable development objectives.

Keywords:   carbon trading, emissions trading, trade regimes, investment rules, sustainable development

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