Article | WTO Report 'Trade Policy Tools for Climate Action' Charts Course for Global Sustainability
WTO's Comprehensive Report Outlines Ten Crucial Policy Areas to Foster a Low-Carbon Economy and Strengthen Global Resilience to Climate Challenges
At the ongoing Coalition of Trade Ministers on Climate meeting in Abu Dhabi, Director-General Ngozi Okonjo-Iweala highlighted the importance of a recently released report by the World Trade Organization (WTO) Secretariat. The report titled "Trade Policy Tools for Climate Action" has become a key reference for strategies aiming to harness global trade to combat the rise in temperatures worldwide.
Director-General Okonjo-Iweala emphasized the critical role of the report in providing insights into trade policies that governments can adopt for effective climate change mitigation and adaptation. The document delineates ten key policy areas aimed at ushering in a low-carbon economy, ensuring the smooth flow of climate-friendly goods and services, decarbonizing supply chains, and fortifying resilience against extreme weather events.