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Transatlantic Trade and Investment Partnership (TTIP) to stymie climate action?

TIP proposal casts doubt on G20 climate pledge, leaked EU draft shows  Draft proposal reveals new loopholes on a pledge to phase out fossil fuel subsidies within a decade, Guardian, Arthur Neslen, 13 July 16, Trade negotiators in Brussels are proposing new loopholes on a G20 pledge to phase out fossil fuel subsidies within a decade, in the latest leaked TTIP proposalsseen by the Guardian.

The EU’s draft text for a trade and sustainable development chapter also appears to draw an equivalence between the need to prevent trade distortions and the fight against climate change.

The leak will provide fresh ammunition to critics of the Transatlantic Trade and Investment Partnership (TTIP) free trade deal, who fear that its provisions could undermine hard-won climate commitments.

One of these was a pledge in May to phase out inefficient fossil fuel subsidies by 2025 – which currently run at $10m (£7.5m) a minute – by G7 ministers at a summit in Japan……..https://www.theguardian.com/environment/2016/jul/13/ttip-proposal-casts-doubt-on-g20-climate-pledge-leaked-eu-draft-shows

July 15, 2016 - Posted by Christina Macpherson | 2 WORLD, climate change