Session 1 - Leveraging trade in environmental goods to improve environmental outcomes
Oct 10, 2024 | 2:00 PM - 3:30 PMAuditorium
Oct 10, 2024 | 2:00 PM - 3:30 PM
Auditorium
Description
Trade policies can help address the triple planetary crisis of climate change, biodiversity loss and pollution. In this context, trade in environmental goods (e.g. wind turbines, solar panels) plays a crucial role in the dissemination of technologies that address a wide range of environmental issues. Yet various barriers to trade in environmental goods (EGs) persist, including their identification, border and behind-the-border measures in the form of tariffs and non-tariff measures, as well as methodologies to account for processes and production methods (PPMs). This session will explore the evidence on the potential benefits of trade in EGs in enabling solutions to environmental concerns, and closing the material loop for a more circular, low-carbon economy. It will discuss the issues to be tackled to realise these benefits and ensure they are widely shared. At the same time, there are debates about the design, implementation and effects of the use of trade-based measures that aim to encourage more sustainable production practices by restricting trade in unsustainably produced goods.
