The Resurgence of Industrial Policies and Green Subsidies: the New Deal of the U.S. and Europe, Sustainable Reform Pathways for the Agreement on Subsidies and Countervailing Measures (SCM)

DOI

10.2991/978-94-6239-604-3_10How to use a DOI?

Keywords

SCM; Green Subsidies; Industrial Policies

Abstract

In the context of the intersection between de-globalization and re-globalization, the conflict between SCM and green industrial policies, which the US and Europe formulated to address climate change, is becoming increasingly prominent. This research focuses on the essence of the conflict, the necessity for the World Trade Organization (WTO) to reactivate green subsidies, and the win-win pathways for developing countries’ policy space and multilateral discipline through climate-related public goods. It is a challenge to reconcile the conflict between climate goals and fair competition since SCM lacks the adaptability to green transition. Reactivating the green subsidy is recommended to be anchored in the core principles of goal clarity, transparency, and non-discrimination. Meanwhile, classifying subsidies based on climate-related public goods can provide institutional avenues for developing countries to secure policy space, thereby transforming SCM rules toward climate-friendly multilateralism.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Huiying Wang
PY  - 2026
DA  - 2026/02/26
TI  - The Resurgence of Industrial Policies and Green Subsidies: the New Deal of the U.S. and Europe, Sustainable Reform Pathways for the Agreement on Subsidies and Countervailing Measures (SCM)
BT  - Proceedings of the 5th International Conference on Economic Development and Business Culture (ICEDBC 2025)
PB  - Atlantis Press
SP  - 89
EP  - 95
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-604-3_10
DO  - 10.2991/978-94-6239-604-3_10
ID  - Wang2026
ER  -