Trade is often seen as the problem not the solution when it comes to climate change. But at COP28 this year in Dubai, where trade is featured as a specific theme for the first time, leading trade organisations outlined how trade can work for a net zero transition.
World Trade Organization (WTO) director-general Dr Ngozi Okonjo-Iweala used the occasion of COP to unveil a 10-point set of “Trade Policy Tools for Climate Action”, as well as principles for helping the steel industry decarbonise.