Tough environmental rules do not hamper global exports: OECD
Countries with tough environmental policies such as carbon levies and air pollution rules are not at a big disadvantage when trading globally compared with countries that have looser regulations, a study by the OECD said on Thursday.
The report comes at a time when lawmakers in Europe are thrashing out details of how to compensate energy-intensive industries for costs associated with the bloc’s Emissions Trading System (ETS) which charges polluters for each tonne of carbon dioxide they emit.
“Environmental policies are simply not the major driver of international trade patterns,” Catherine L. Mann, chief economist for the Paris-based Organization for Economic Co-operation and Development (OECD) said in a statement with the report. Read More…
Tough environmental rules do not hamper global exports: OECD
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