Climate Change: Is there Place for a WTO Anti-Subsidy Strategy?
December 29, 2006
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In a recent article ("A New Agenda for Global Warming"), Joseph Stiglitz, Nobel laureate in economics and former Chief Economist at the World Bank, suggests that Japan, Europe, and the other signatories of Kyoto should immediately bring a WTO subsidy case against the United States for not ratifying the Kyoto Convention and for not taxing adequately CO2 emissions by US firms.