International Trade and Sustainability: Perspectives from Developing and Developed Countries

290 Pages·2022·7.233 MB·English

by  Rafael Leal-Arcas

Edited by
Rafael Leal-Arcas
International Trade
and Sustainability
Perspectives from
Developing and
Developed Countries
International Trade and Sustainability
Rafael Leal-Arcas
Editor
International Trade
and Sustainability
Perspectives from Developing and Developed
Countries
Editor
Rafael Leal-Arcas
The Alfaisal University
Riyadh, Kingdom of Saudi Arabia
ISBN 978-3-031-14067-9 ISBN 978-3-031-14068-6 (eBook)
https://doi.org/10.1007/978-3-031-14068-6
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A
cknowledgments
I would like to acknowledge the contributions of the following people for
the production of this book: Teemu Alex Hast, Lucas Sperka, Aarushi
Mittal, Hannah Kasak-Gliboff, Kaushal Prakash, Raphael Ribeaud,
Manuliza Faktaufon, Rojae Brown, Anna Kyprianou, Cindy Li, Lee
Guantai, Ervin Smajic, Mariam Al Zarkani, Lina Jbara, Marianna
Margaritidou, and Ruqaya Mohamed Mubwana.
v
c
ontents
1 Prologue 1
Rafael Leal-Arcas
1 Governing Trade and Climate to Achieve Sustainability 1
2 Democratizing Trade Governance for Sustainability 7
3 Structure 8
2 Green Bills for Green Earth 13
Rafael Leal-Arcas, Teemu Alex Hast, Lucas Sperka, Aarushi
Mittal, Hannah Kasak-Gliboff, and Kaushal Prakash
1 Introduction and Overview of the Global Climate and Trade
Regimes 13
2 Analyzing the Climate Change and International Trade
Regimes 17
3 Analysis of the European Green Deal and the United States
Green New Deal 30
4 Assessing the EU’s Carbon Border Adjustment Mechanism 41
5 Concluding Remarks 62
vii
viii CoNTENTS
3 Mega-Regional Trade Agreements and Decarbonization 65
Rafael Leal-Arcas, Manuliza Faktaufon, Hannah Kasak- Gliboff,
Cindy Li, Lee Guantai, and Ervin Smajic
1 Introduction 65
2 Mega-Regional Trade Agreements and Climate Change
Mitigation 68
3 India and China: Two Key Climate Players 80
4 Looking Into a Decarbonized Future: Clean Energy
Technologies and Shale Gas 92
5 Conclusion 111
4 The Perspective of Small Pacific Islands and the Caribbean
Community 115
Rafael Leal-Arcas, Raphaël Ribeaud, Manuliza Faktaufon, Rojae
Brown, and Kaushal Prakash
1 Introduction 115
2 The International Trading System and Achieving
Sustainability in the World 116
3 The Role of Free Trade Agreements in the Energy Transition:
Experiences in Small Pacific Islands 128
4 Trade Law as the Enforcer of Climate Change Obligations:
The Perspective of CARICOM States 151
5 Current Response of the International Community Towards
SIDS/Least Developed Countries (LDCs) and
Recommendations 178
References 183
5 The European Union’s Carbon Border Adjustment
Mechanism 185
Rafael Leal-Arcas, Manuliza Faktaufon, and Anna Kyprianou
1 Introduction 185
2 Carbon Border Adjustment Mechanism: An Overview 188
3 Designing a Carbon Border Adjustment Mechanism 211
4 Conclusion 225
CoNTENTS ix
6 The BRIC and Climate Change Mitigation 229
Rafael Leal-Arcas, Mariam Al Zarkani, Lina Jbara, Marianna
Margaritidou, and Ruqaya Mohamed Mubwana
1 Introduction 229
2 Brazil 231
3 India 241
4 China 256
5 Russia 271
6 Concluding Remarks 279
Index 281
l c
ist of ontributors
Mariam  Al Zarkani Sorbonne University Abu Dhabi (UAE), Abu
Dhabi, United Arab Emirates
Rojae Brown Queen Mary University of London, London, UK
Manuliza Faktaufon Queen Mary University of London, London, UK
Lee Guantai New York University Abu Dhabi, Abu Dhabi, United Arab
Emirates
Teemu Alex Hast Queen Mary University of London, London, UK
Lina Jbara Sorbonne University Abu Dhabi (UAE), Abu Dhabi, United
Arab Emirates
Hannah Kasak-Gliboff New York University Abu Dhabi, Abu Dhabi,
United Arab Emirates
Anna Kyprianou Queen Mary University of London, London, UK
Rafael Leal-Arcas The Alfaisal University, Riyadh, Kingdom of Saudi Arabia
Cindy Li New York University Abu Dhabi, Abu Dhabi, United Arab
Emirates
Marianna Margaritidou Sorbonne University Abu Dhabi (UAE), Abu
Dhabi, United Arab Emirates
Aarushi Mittal West Bengal National University of Juridical Sciences,
Kolkata, India
xi
xii LIST oF CoNTRIBUToRS
Ruqaya Mohamed Mubwana Sorbonne University Abu Dhabi (UAE),
Abu Dhabi, United Arab Emirates
Kaushal Prakash New York University Abu Dhabi, Abu Dhabi, United
Arab Emirates
Raphaël Ribeaud Queen Mary University of London, London, UK
Ervin Smajic New York University Abu Dhabi, Abu Dhabi, United Arab
Emirates
Lucas Sperka Queen Mary University of London, London, UK