Reconciling Trade and Carbon Governance

Climate change and international trade are inextricably linked. An effective global climate agreement cannot ignore international trade; and the trading system cannot pretend that climate change can be addressed without changing the trade rules. At the same time, there is a gap between mostly rich countries, which are willing to cap greenhouse gas emissions through national legislation and emissions trading schemes, and mostly emerging economies, which are still relatively inactive in this respect.

 How can the different agendas of industrialized and developing economies on trade and climate change be reconciled? To what extent should policies on trade and climate change be jointly agreed? And how can global cooperation on climate change be made more effective?

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