Post by cjm on Dec 26, 2023 8:15:21 GMT
Trade rules and climate change: Africa stands to lose from proposed WTO policy tools
The new tools offer opportunities for countries to mitigate the climate change effect of their trade practices. The tools align with the Paris Agreement, the 2015 legally binding United Nations Treaty on Climate Change.
But the global contribution of African states to climate change remains very low: 4%. African states’ contribution to global trade stands at 3%. There are socio-economic inequalities between African states and their western counterparts. The wider historical context of these inequalities means that the WTO’s Trade Policy Tools for Climate Action will have different impacts on developing and developed countries.
But the global contribution of African states to climate change remains very low: 4%. African states’ contribution to global trade stands at 3%. There are socio-economic inequalities between African states and their western counterparts. The wider historical context of these inequalities means that the WTO’s Trade Policy Tools for Climate Action will have different impacts on developing and developed countries.