US climate Bill provision doesn’t worry experts

US climate Bill provision doesn’t worry experts
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First Published: Sun, Jun 28 2009. 09 01 PM IST
Updated: Sun, Jun 28 2009. 09 01 PM IST
New Delhi: Though the clean energy Bill passed by the US House of Representatives on Friday contains a provision that could affect India’s trade with the US, policy experts here aren’t too worried. The Bill aims to reduce US greenhouse gas emissions by 17% from 2005 levels by 2020, and 83% by 2050. According to a ‘Wall Street Journal’ report on Saturday, one of its provisions could lead to tariffs on goods from countries that haven’t set carbon emission targets for themselves.
Former environment secretary Prodipto Ghosh, who’s been part of international climate negotiations, said that the current Bill was completely out of the World Trade Organization (WTO) framework. “It’s yet to be cleared by the Senate and they will have to be cognisant of the fact that this is out of the WTO framework. So we’ll have to wait and watch,” he said.
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First Published: Sun, Jun 28 2009. 09 01 PM IST
More Topics: Monsoon | Climate | Energy Bill | WTO | US |