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dc.contributor.authorNELSON, Douglas
dc.contributor.authorPUCCIO, Laura
dc.description.abstractUS-Renewable Energy is the last in a series of WTO disputes involving subsidies schemes with local content requirements. Local content requirements (LCRs) are highly discriminatory and trade distortive instruments and therefore all cases concerning green energy have been found to violate WTO law. However, recent jurisprudence has developed a different definition of prohibited LCRs under the GATT and the SCM agreement, the latter allowing for some leeway to define origin of products under a government subsidy scheme. Depending how the subsidy scheme is framed, it will be able to be excused from the GATT’s more stringent prohibition of LCRs, this raises question of consistency in the application of the LCRs prohibition. Moreover, we review a simple and robust approach that modern welfare economics suggests for framing discussions of subsidy policy. We apply this approach to the case of renewable energy subsidies and discuss some complexities with respect to local content requirements. In conclusion, this allows us to critically assess and review proposals to increase coherence between WTO subsidy policy and green energy promotion policies and submit proposals to achieve better suited WTO subsidy rules.en
dc.publisherEuropean University Instituteen
dc.relation.ispartofseriesEUI RSCen
dc.relation.ispartofseriesGlobal Governance Programme-439en
dc.relation.ispartofseries[Global Economics]en
dc.subjectLocal contenten
dc.subjectRenewable energyen
dc.subjectWTO rulesen
dc.subjectEnvironmental policyen
dc.subject.otherTrade, investment and international cooperationen
dc.titleNihil novi sub sole : the need for rethinking WTO and green subsidies in light of United States : renewable energyen
dc.typeWorking Paperen
dc.rights.licenseAttribution 4.0 International

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Attribution 4.0 International
Except where otherwise noted, this item's license is described as Attribution 4.0 International