hide
Free keywords:
-
Abstract:
Since the early 1990s, the intertwined nature of trade and environment has been debated
in the global forums. Trade-distorting measures, including carbon leakage, fragmentation
of markets due to differentiated environmental standards, and the lack of consensus in
the Committee on Trade and Environment in Special Session (CTESS) have been some of
the causes for increasing pressure on climate change. G20 members should explore
policy guidelines of coordinating carbon pricing and border adjustment initiatives with an
overarching spirit of inclusivity and transparency. The G20 should act as a facilitator for
providing the transfer of Environmentally Sound Technologies (ESTs) to developing
countries and LDCs for the greening of global trade.
