UNCTAD study shows trade’s untapped potential in climate action

dlegge — Tue, 30 Jan 2024 01:42:40 +0000

18 December 2023

dlegge Tue, 30/01/2024 - 12:42

UNCTAD

UNCTAD study shows trade’s untapped potential in climate action

Trade policies can help countries catalyze progress towards their climate goals but remain underused in practice. Stronger global cooperation is necessary to change course

An UNCTAD study released at COP28 examines how 60 developing countries have integrated trade into their national pledges under the Paris Agreement, known as Nationally Determined Contributions (NDCs).

The study, whose launch coincided with the summit’s inaugural “Trade Day” on 4 December, maps out how trade is systematically used in these national climate plans.

“The mapping exercise shows trade policies’ untapped potential in climate action,” said Miho Shirotori, head of UNCTAD’s international trade division.

“Trade could play a much bigger role in cutting emissions and preserving resources by facilitating access to low-carbon technologies and environmentally preferable goods and services.”

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Keywords

Climate

trade