Green Energy Economy Legislation

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Abstract

The legal basis for renewables is the environmental and human rights obligations of governments under international instruments and treaties. Despite this, and given that WTO members do about 97% of world trade, the implementation of programs and policies must also be consistent with supporting the development of new energy must be following the obligations of governments following WTO rules and regulations. Therefore, the organization's member states must balance their international environmental and trade commitments in this regard. Recent WTO jurisprudence has provided criteria for balancing these two categories of obligations. Since many countries join the World Trade Organization, regulation in energy, especially new energy, and investment guarantee contracts and renewable electricity purchase must be done under the organization's rules and jurisprudence. In this chapter, considering the World Trade Organization's recent practice, criteria will be presented to balance governments' environmental and commercial commitments supporting renewable energy.

Publisher

IGI Global

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