WTO Threats Against US Electric Vehicle Tax Credit Prompt Calls for 'Climate Peace Clause'

to challenge nations' climate policies, hampering the fight against the worsening planetary emergency.

"At the exact moment we should be promoting more green jobs initiatives in the U.S., we instead have the EU and other countries using threats of trade attacks to try to bully the U.S. into eliminating these types of programs, creating a race to the bottom in trade and climate," said Arthur Stamoulis, executive director of the Trade Justice Education Fund.

"It is time for countries to come together and agree to stop using trade rules to challenge commonsense climate and green jobs policies needed to build the clean energy economy," Stamoulis added."The U.S. should work with other countries to commit to a Climate Peace Clause and create a race to the top on trade and climate. I urge the E.U. to reconsider this counterproductive action.

Hebah Kassem, acting director of A Living Economy at Sierra Club, added,"It's clear that the time for a Climate Peace Clause is now—so that all countries can get to the urgent business of taking bold climate action without fear of unnecessary challenges from trade agreements."

Tell me again who runs the WTO and for whom?

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How the EV Tax Credits in Democrats' Climate Bill Could Hurt Electric Vehicle SalesProposed tax credits of up to $7,500 for EVs under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Understanding The New Federal Tax Credit For Electric Cars — It's ComplicatedThe federal tax incentives for electric cars in the Inflation Reduction Act will benefit many, but impose significant new restrictions. Year wait on a Tesla before the new credits. Should have put the $$$ into the grid
Source: cleantechnica - 🏆 565. / 51 Read more »

Rolls-Royce’s first EV is undergoing a relentless testing phaseWorld renowned British luxury carmaker Rolls-Royce is thoroughly testing its first electric vehicle.
Source: IntEngineering - 🏆 287. / 63 Read more »

Predicting oil demand amid climate change? Good luckRecent moves by government leaders to spur consumers to buy more electric vehicles, both... Lol
Source: HoustonChron - 🏆 609. / 51 Read more »