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Noah Kaufman on Green Trade Tensions

IMF Podcasts

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The WTO's Role in Green Industrial Policy

There's no question that WTO really needs to evolve to be more relevant in this period of green industrial policy, it wasn't its rules were not designed for this situation. So just creating some space for that is probably a necessity and I think there's even an economic rationale for it, but I don't see the current flexibility in the WTO rules for that. And given that the WTO has lost a little bit of its oomph in recent years in terms of settling trade disputes, who's going to do it?

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