Trade and climate change: a key agenda for the G20

Brandi, Clara / Axel Berger / Aaron Cosbey / Susanne Dröge / Manfred Elsig / Ilaria Espa / Jean-Frédéric Morin
Externe Publikationen (2020)

in: T20 Saudi Arabia, Policy Brief, Online

Information

This policy brief investigates the interplay of two critically important Group of Twenty (G20) agenda items: trade and climate change. We argue that there is significant room for a stronger emphasis on climate-friendly trade measures that are in line with the global trade regime. We believe that the G20 should fully tap into this potential. We recommend (1) using preferential trade agreements to leverage climate action, (2) phasing out fossil fuel subsidies, (3) seeking international cooperation and consensus on the implementation of border carbon adjustments, (4) making use of investment law and, more generally, (5) fostering trade and climate linkages through the G20.