International trade can address climate change– #2, June, 2022

Overview

Expansion in global trade has beneficial effects on climate change as it promotes efficient use of scarce resources and avoids wastage. Also, global trade provides market access which opens paths for developing new products and services to mitigate climate change. Various international bodies, such as the World Trade Organisation, the United Nations Environment Programme and various multilateral environmental agreements have highlighted the role that trade can play in the transition to a global low-carbon economy and a greener, more sustainable society Therefore, this ONW has reviewed and compiled various relevant articles in print and electronic media on international trade can address climate change.