Competition Laws And Climate Action: A Complex Interaction Between Competition Law & Climate Policy

Isha Bharti, CMR University, School of Legal Studies

ABSTRACT

In recent years, the interaction between competition law and climate policy has become an exciting and nuanced topic that merits our careful attention because of its potential for unintended consequences. It is important to emphasise that the goal of competition law is to improve consumer welfare through the development of competitive markets, but the goal of climate policy is to urgently combat the problem of climate change by reducing emissions of greenhouse gases. This is an important distinction to make. The purpose of this research is to investigate the complex relationship that exists between competition law and climate policy in an effort to shed light on the potential conflicts that may develop when simultaneously pursuing these two policy objectives. The issue at hand is one that cannot be denied to be fascinating!

Untangling the tangled web of relationships that exist between antitrust law and environmental regulation is the primary objective of this inquiry. In particular, it seeks to investigate the ways in which various fields might interact with one another and shape one another. The findings of the research reveal compelling prospects for efficiently coordinating multiple policies aims in a manner that not only benefits consumers but also contributes positively to the environment as a whole. In the current political and economic context, having a deep and nuanced understanding of the numerous interdependencies between competition law and climate policy is of the utmost importance. We can pave the way for the design of more informed and balanced strategies that align the interests of consumers, businesses, and the environment.

Keywords: Competition Law, Climate Policy, Consumer Welfare, Antitrust Law, Environmental Regulation, Policy Interdependencies