Economic problems in the world's largest nations have taken precedence over efforts to limit climate change. This article recommends changes in trade policies that would be good for trade and also promote climate change. For example, China has been subsidizing green energy technologies that will be an important source of future economic growth. That lowers the price of green technologies and makes them more competitive with fossil fuels. Instead of using trade policy to punish China for subsidies, the US should compete with China for this market by subsidizing the development of domestic green technology providers.
Since the use of natural gas is better than the use of coal and oil, we should not put restrictions on the export of fossil fuels. Trade policies being considered which limit the export of gas are not good for the environment.
Since the development of new technologies is critical in our efforts to limit climate change the protection of intellectual property rights in emerging markets should be reinforced.
We cannot afford to keep climate change on the back burner while we attempt deal with unemployment and other economic problems. The use of trade policy to increase focus on climate change and benefit industrialized economies as well as emerging market economies may provide a needed stimulus.
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