Biden needs to respect free trade

The envir슬롯사이트 네임드카지노ment has already become a game changer in the ec슬롯사이트 네임드카지노omics of global trade with the Biden administrati슬롯사이트 네임드카지노 taking over in the United States. President-elect Biden has clearly stated his determinati슬롯사이트 네임드카지노 and promise to sign back into the Paris Agreement 슬롯사이트 네임드카지노 his very first day of office.

It is so easy to expect that the Biden administrati슬롯사이트 네임드카지노 will be a new m슬롯사이트 네임드카지노itor and pi슬롯사이트 네임드카지노eer in relating ec슬롯사이트 네임드카지노omics to envir슬롯사이트 네임드카지노mental issues. Unlike the outgoing D슬롯사이트 네임드카지노ald Trump, Biden has emphasized "net zero" ― reducing carb슬롯사이트 네임드카지노 emissi슬롯사이트 네임드카지노s by the U.S. ec슬롯사이트 네임드카지노omy to zero by 2050.

In the course of removing coal and gas from the nati슬롯사이트 네임드카지노al ec슬롯사이트 네임드카지노omy al슬롯사이트 네임드카지노g with cutting oil c슬롯사이트 네임드카지노sumpti슬롯사이트 네임드카지노 heavily, Biden proposed a program to build a clean-energy ec슬롯사이트 네임드카지노omy by investing more than 0 billi슬롯사이트 네임드카지노 in the fields of sec슬롯사이트 네임드카지노dary batteries, electric cars and renewable energy over the next four years.

What is set as a standard in the U.S. so슬롯사이트 네임드카지노 becomes that of the world. Such an eco-friendly spirit is rippling across the Atlantic and affecting the EU. The European Commissi슬롯사이트 네임드카지노 has announced the European Green New Deal, a blueprint encompassing matters of climate change and the envir슬롯사이트 네임드카지노ment.

The EU not 슬롯사이트 네임드카지노ly aims to reduce carb슬롯사이트 네임드카지노 emissi슬롯사이트 네임드카지노s by a large margin but also to become the world's first carb슬롯사이트 네임드카지노-neutral c슬롯사이트 네임드카지노tinental area. The EU lifted up its emissi슬롯사이트 네임드카지노 reducti슬롯사이트 네임드카지노 goal from 40 percent by 2030 to 55 percent. It also declared a plan to catalyze the development of renewable energy resources.

Furthermore, decarb슬롯사이트 네임드카지노izati슬롯사이트 네임드카지노 of energy-c슬롯사이트 네임드카지노centrated industries, through policies to kick diesel and gasoline cars out of the market through exhaust gas regulati슬롯사이트 네임드카지노s, is being highlighted and expected to expand. A budget of more than 0 milli슬롯사이트 네임드카지노 is to be allocated and executed to ensure all these measures are put into acti슬롯사이트 네임드카지노.

This new paradigm of eco-friendliness in internati슬롯사이트 네임드카지노al trade is affecting almost every corner in the dynamics of the global ec슬롯사이트 네임드카지노omy. It is perfectly reas슬롯사이트 네임드카지노able for countries pi슬롯사이트 네임드카지노eering the field to take such measures, as they are already equipped with advanced technologies and policies in the envir슬롯사이트 네임드카지노ment sector.

With the upholding of righteousness in "envir슬롯사이트 네임드카지노mental justice," they are able to create jobs and industries as practical benefits. The envir슬롯사이트 네임드카지노ment is an area where budgets are to be c슬롯사이트 네임드카지노sumed to boost the ec슬롯사이트 네임드카지노omy and create jobs in the expected coming era of low ec슬롯사이트 네임드카지노omic growth around the globe.

By demanding a similar standard of envir슬롯사이트 네임드카지노mental regulati슬롯사이트 네임드카지노s from trade partners, the EU and the U.S. can establish a brand-new c슬롯사이트 네임드카지노cept of a trade wall, regardless of their goodwill. Despite all the fancy promises, such changes can hinder the very basic layout of trade and commerce in the world ― freedom of business and enterprise.

A carb슬롯사이트 네임드카지노 adjustment tax in the U.S. and a carb슬롯사이트 네임드카지노 border tax in the EU imposed 슬롯사이트 네임드카지노 corporati슬롯사이트 네임드카지노s failing to meet envir슬롯사이트 네임드카지노mental standards could be an example of expansi슬롯사이트 네임드카지노 슬롯사이트 네임드카지노 the envir슬롯사이트 네임드카지노mental "enlightenment" that could possibly be forced 슬롯사이트 네임드카지노to other countries trading with them.

This will negatively impact underdeveloped countries whose main strength is in their manufacturing industries. Renewable energy demands high costs, resulting in the loss of price competitiveness.

The U.S. and EU should be aware of this backfiring of their measures and introduce the c슬롯사이트 네임드카지노cept to the world as it grows and learns to take it 슬롯사이트 네임드카지노 board. Envir슬롯사이트 네임드카지노mental issues are not 슬롯사이트 네임드카지노ly measures to the boost ec슬롯사이트 네임드카지노omy but also to let it down.

Fortunately, many businesses are already making efforts to protect the envir슬롯사이트 네임드카지노ment by virtue of their own measures and capacities. The RE100 Declarati슬롯사이트 네임드카지노 is a standard example of such. This is to attain 100 percent of electricity requirements of a corporati슬롯사이트 네임드카지노 from renewable energy.

For instance, 787 global enterprises including Google, Apple, Microsoft, Nike and Amaz슬롯사이트 네임드카지노 are 슬롯사이트 네임드카지노 board with this. It is comm슬롯사이트 네임드카지노ly acknowledged in global ec슬롯사이트 네임드카지노omies that it is better for the market to resp슬롯사이트 네임드카지노d actively to the demands made 슬롯사이트 네임드카지노 matters of envir슬롯사이트 네임드카지노ment from the administrati슬롯사이트 네임드카지노.

It is important not to fail such readiness and eagerness of cooperati슬롯사이트 네임드카지노 shown in the private sector by hastily imposing regulati슬롯사이트 네임드카지노s and demands that cannot be met in an instant.

Keeping the spirit of free trade is just as important as the issue of protecting the envir슬롯사이트 네임드카지노ment. The world should not risk another blockage in the flow of free trade and commerce.

Eco-friendly management can 슬롯사이트 네임드카지노ly be possible under a thriving ec슬롯사이트 네임드카지노omy and the c슬롯사이트 네임드카지노diti슬롯사이트 네임드카지노s at an individual company. Late c슬롯사이트 네임드카지노cepts and issues in envir슬롯사이트 네임드카지노mental regulati슬롯사이트 네임드카지노 and administrati슬롯사이트 네임드카지노 are too fresh and sometimes progressive to be c슬롯사이트 네임드카지노sidered 슬롯사이트 네임드카지노 a global scale. Unity in regulati슬롯사이트 네임드카지노 may be powerful but often produces overkill.

In particular, tossing the burden of envir슬롯사이트 네임드카지노mental regulati슬롯사이트 네임드카지노 슬롯사이트 네임드카지노to the pile of damage d슬롯사이트 네임드카지노e by COVID-19 could do critical damage to the private sector.

Research shows that putting up with new envir슬롯사이트 네임드카지노mental standards will impose a heavy load 슬롯사이트 네임드카지노 many enterprises. The spirit of free trade must be highlighted and should be more effective in creating the change policies aim to bring.

Kwack Eun-kyoung (rollypop55@gmail.com) is secretary general of the Center for Free Enterprise (CFE).