|Bulletin n. 1/2017|
Kalimo Harri, Sedefov Filip, Jansson Max S.
|Market definition as value reconciliation: the case of renewable energy promotion under the WTO Agreement on Subsidies and Countervailing Measures|
|in International Environmental Agreements: Politics, Law and Economics , Volume 17, Issue 3, Special Issue: The International Governance of Energy Subsidies, June , 2017 , 427-443|
|The interrelationship between renewable energy support policies and World Trade Organization (WTO) law is an important recent manifestation of the challenge to reconcile environmental and economic values in contemporary societies. This article strives to contribute to the discussion by using the intersection between policies to support renewable energy, in particular sustainable biofuels in the EU, and the WTO’s Agreement on Subsidies and Countervailing Measures as a case study. The article discusses how efforts to promote renewable energy seem to have become contingent upon the core legal notion of ‘relevant markets’. The article further claims that this contingency is problematic: renewable energy markets are highly complex in practice, and combined with the WTO’s convoluted interpretations of ‘relevant markets’, the legal outcomes struggle to find the proper balance between appropriate support for sustainability and the prevention of protectionist market fragmentation.|