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WTO | 2021 News items - Members advance work on trade and environmental sustainability ministerial declaration
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Green Trade: UK Board of Trade
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Carbon border adjustment mechanisms: Will innovative climate policy launch a trade war?
The ThyssenKrupp Steel Europe plant in Duisburg, Germany, on January 7, 2020. Photo by Leon Kuegeler/Reuters.
The Biden administration may only be several months old, but its statements and actions have already raised the global profile of climate issues. The new climate czar, John Kerry, has been traveling the world to secure bilateral pledges of more aggressive action to combat climate change. And expectations are rising for a new consensus on collective mitigation activities at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland in November. These are welcome developments, particularly when coupled with new regulatory actions by large emitting economies, including China and India, to reduce their carbon footprints and the game-changing possibilities of the European Union (EU) moving forward on its own green deal.
Industrial decarbonisation strategy (accessible webpage)
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Ministerial foreword
The UK is the world’s first major economy to present a net zero Industrial Decarbonisation Strategy. This strategy comes at a time when the UK is striving forward with environmental progress, with economic recovery from the
On 5 March, the new Director-General met with the Group of Least Developed Countries as well as the Friends of the System, an alliance of small and mid-sized members from different regions and development levels that are committed to a well-functioning multilateral trading system.
DG Okonjo-Iweala also addressed the first meeting of the Structured Discussions on Trade and Environmental Sustainability, at the invitation of the 53-member group that is exploring ways trade and the WTO can better contribute to achieving environmental goals.
In her discussions with the LDC Group, the Director-General noted that the COVID-19 pandemic had reversed one or even two decades of development progress for many LDCs, and that it continued to disrupt key LDC exports, whether of tourism services, commodities or manufactures. Trade and the WTO had a critical role to play, she said, both in making COVID-19 vaccines more affordable and accessible, and in driving a global recovery
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