FIT for purpose?
WTO Ruling Against The Use Of Local Content Rules In Feed-In Tariffs
Frontier’s latest client briefing considers a recent World Trade Organization (WTO) ruling against the use of local content rules in feed-in tariffs (FIT) used by the State of Ontario, Canada.
This case broke new ground as this was the first time a WTO panel considered in detail the operation of energy markets, and policy towards renewable energy sources. This is a topic of increasing relevance as trade-related aspects of policies to reduce emissions come under scrutiny. More broadly, the ruling touches on the interaction between trade rules and the environment. This client briefing examines the implications for policymakers, regulators and companies in the energy sector.