In the first dispute on renewable energy to come to World Trade Organization (WTO) dispute settlement, the domestic content requirement of Ontario’s feed-in tariff was challenged as a discriminatory investment-related measure and as a prohibited import substitution subsidy. The panel and Appellate Body agreed that Canada was violating the GATT and the TRIMS Agreement. But the SCM Article 3 claim by Japan and the European Union remains unadjudicated, because neither tribunal made a finding that the price guaranteed for electricity from renewable sources constitutes a ‘benefit’ pursuant to the SCM Agreement. Although the Appellate Body provides useful guidance to future panels on how the existence of a benefit could be calculated, the most noteworthy aspect of the new jurisprudence is the Appellate Body’s reasoning that delineating the proper market for ‘benefit’ analysis entails respect for the policy choices made by a government. Thus, in this dispute, the proper market is electricity produced only from wind and solar energy.
This report documents the scale and structure of fossil fuel exploration subsidies in the G20 countries. The evidence points to a publicly financed bailout for carbon-intensive companies, and support for uneconomic investments that could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than 2ºC. It finds that, by providing subsidies for fossil fuel exploration, the G20 countries are creating a ‘triple-lose’ scenario. They are directing large volumes of finance into high-carbon assets that cannot be exploited without catastrophic climate effects. They are diverting investment from economic low-carbon alternatives such as solar, wind and hydro-power. And they are undermining the prospects for an ambitious climate deal in 2015.
The analysis in this report focuses on selected production-consumption systems, which link environmental, social and economic systems across the world - generating earnings, supporting ways of living, and meeting consumer demands - and also account for much of humanity's burden on the environment. production and consumption are addressed together because they are highly interdependent. Only by adopting an integrated perspective is it possible to get a full understanding of these systems: the incentives that structure them, the functions they perform, the ways system elements interact, the impacts they generate, and the opportunities to reconfigure them.
The New Zealand Green Growth Research Trust (NZGGRT) commissioned this report to support its thinking on how to grasp important opportunities that would improve the wellbeing of New Zealanders. These are opportunities to enhance New Zealand’s economic prosperity while raising environmental quality that might otherwise be missed through lack of action, leadership or understanding. The report investigates the possible opportunities for New Zealand that could arise from a global shift to green growth, and identifies 21 valuable, feasible actions that New Zealand could take to help realise these opportunities. The report focuses on six important sectors across the trade-focused and the domestic economy. The analysis reveals green growth opportunities in each sector that have both direct environmental benefits as well as important co-benefits such as higher productivity, lower energy bills and fewer health risks.