The Doris Duke Charitable Foundation has announced a $1.5 million grant to the Peterson Institute for International Economics to undertake, in collaboration with the World Resources Institute, a comprehensive analysis of the connections between international trade and climate change policies.
Awarded as part of DDCF's $100 million Climate Change initiative, the grant will support publication of a series of five reports over two years that include recommendations for how to design international climate and trade policies. The reports will also address crucial aspects of the nexus between national greenhouse gas reduction efforts and the global trading system, including international carbon leakage, a positive agenda for climate and trade, addressing trade-climate linkages through sector-specific agreements, the role of the World Trade Organization in climate policy, and aligning free trade agreements with climate change goals.
The first report will assess the degree to which different types of emission control programs would affect the costs or impede the competitiveness of particular industries in key countries. Building on that foundation, researchers will then assess the role that industry-specific, bilateral, and multilateral agreements and institutions can play in maximizing greenhouse gas reductions while minimizing economic impacts.
"Efforts to address global climate change cannot succeed unless they take into account the realities of global trade and the international competitiveness of energy-intensive industries," said Andrew Bowman, director of the Climate Change initiative. "The hope here is to connect the dots between these two important issues and find the ways that climate and trade policies can work together, rather than at cross purposes."