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WTO swats down India’s massive solar initiative

http://grist.org/climate-energy/wto-swats-down-indias-massive-solar-initiative/

by nchiring • 10 years ago

3 1 10 years ago

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billytetrud• 10 years ago

The title is misleading. The WTO is taking issue with the protectionist provision that quotas a certain amount of solar panels that must be produced in India. This is bad for Indians and bad for the world. This kind of protectionism doesn't "create jobs" because if everyone does it, everyone is paying more for the same stuff. There is therefore less money to go around (because some of it was wasted) and thus less jobs can be paid for overall. I support the WTOs move to get rid of protectionist policies like this. India will have an easier time fulfilling its solar program without it.

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