The Allocation of Emission Allowances Free of Charge
Legal and Economic Considerations
This paper questions whether the practice of allocating emission allowances free of charge may constitute a subsidy and thereby distort international trade. From a legal perspective, it is clear that free allowances could constitute a subsidy under WTO law.
© 2011 International Centre for Trade and Sustainable Development (ICTSD). This work is licensed under the Creative Commons Attribution-Noncommercial-No-Derivative Works 3.0 License.
Ingrid Jegou, Luca Rubini