Category: Trade

Kenya to join Global Climate Club. Quo Vadis the Glasgow Mitigation Work Programme?

Kenya intends to join a Climate Club that aims to enhance mitigation ambition through trade cooperation and possibly industrial sector targets. What does this mean for the Mitigation Work Programme?

COP28, Trade

EU Deforestation Rules to Affect Côte d’Ivoire and Ghana

A landmark EU deforestation law stands to significantly affect coco exports from Côte d’Ivoire and Ghana

Trade

DG at the WTO Announces Intention To Pursue Carbon Pricing Mechanism Framework in response to CBAM

A WTO Director-General, has reportedly sent an unapproved proposal to members on the development of a global carbon pricing framework in the context of the CBAM.

Trade

Corporates Embrace US Subsidies as IMF Cautions Against Climate Protectionism

Energy companies are loving the US’s Inflation Reduction Act that seeks to shore up green technologies and supply chains through various financial incentives and the EU is taking its own measures to respond. However, the head of the IMF has cautioned that these moves may come at a cost to developing countries who have limited capacities to compete.

Trade

EU’s Carbon Border Adjustment Mechanism Could Reduce African GDP by 0.91%

Early analyses indicate that the CBAM will negatively affect developing countries more than developed ones, and that the impact on African exports may be considerable in some sectors

Trade

Coalition of Trade Ministers on Climate is Launched, While EU Pursues Climate Protectionism

As trade and climate become increasingly prominent on the global agenda, the newly established Coalition of Trade Ministers could play a foundational role in breaking down siloes between the international trade and climate communities, as well as bridging developed and developing country interests.

Trade