WTO goes green as climate change impacts trade

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GENEVA - The World Trade Organisation's boss insisted on Monday that turning trade green was now urgent business, with the WTO putting climate change at the heart of its negotiations.

GENEVA - The World Trade Organisation's boss insisted on Monday that turning trade green was now urgent business, with the WTO putting climate change at the heart of its negotiations.

And diverse nations are already banding together in other groups to try and find mutual ways forward on topics such environmentally sustainable trade and tackling plastic pollution. "Trade has to be part of the solution. It is an engine of growth that can create new green jobs, reduce poverty and support the transition to climate-neutral economies," he told the group's launch.Its ministers want to boost trade, and trade policies, in support of sustainable development and the 2015 Paris Agreement climate goals.

Several dozen WTO member countries pledged in late December to intensify discussions on plastic pollution, fossil fuel subsidies and environmentally sustainable trade, in a move hailed as historic by Mr Okonjo-Iweala.Australia's WTO ambassador George Mina, who co-chairs the Informal Dialogue on Plastics Pollution, said 72 countries were now on board.

Co-chair Li Chenggang, China's WTO ambassador, added:"Plastic is an important basic raw material but the leakage of plastic waste in the natural environment has brought environmental pollution and harm."

 

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