Publication - Towards Sustainability in Trade, Energy and Climate
Towards Sustainability in Trade, Energy and Climate
Academic Star Publishing Company
This paper aims at developing effective trade law and policy instruments for sustainable energy and environmental protection with a view to advance current legislation. In the past, trade law has been a very powerful instrument for change in other fields of science. The hypothesis is that trade law can be a tool to help mitigate climate change and enhance sustainable energy. And it is well known that, thanks to trade, countries grow economically. Hence, the triple benefit of trade, which can have a positive economic, environmental and social impact. This paper challenges the view that trade’s only impact on the environment is negative. On the contrary, it takes the unconventional view that the trading system goes beyond benefiting the economy and society in that it can also contribute to environmental protection, with a specific focus on decarbonization, which is one of the main challenges humanity faces today. In this sense, this research proposes a paradigm shift in how we approach trade and develops a new theory based on the triple benefit of trade. This papaer incorporates the new trend of bottom-up, rather than top-down, solutions to today’s global challenges.