BAD TRADE DEALS COULD KILL THE GREEN ENERGY TRANSITION
THE ANSWER IS A CLIMATE PEACE CLAUSE
Right now, the U.S. Inflation Reduction Act is being challenged as a violation of World Trade Organization rules for offering subsidies designed to make electric vehicles more affordable.
Similar cases are threatening green energy programs in eight U.S. states, the UK, and the EU.
Should these challenges prove successful – like those that gutted solar and wind-power programs in Canada, India and China before them – it will strike a major blow to the future of green energy – and life on the Earth.
The European Union and South Korea are threatening to launch a WTO case that could gut the Inflation Reduction Act of its Made in North America electric vehicle subsidies – a cornerstone of what allowed the legislation to pass the Senate.
2009
US-initiated WTO challenge rules against China subsidizing wind-power development and production. Program canceled.
2022
Subsidies promoting low-carbon energy production in the UK challenged by EU at WTO.
2016
Programs offering tax-incentives for locally-produced solar technology killed by US-initiated WTO ruling.