Tuesday, March 05, 2024
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Trade Day dedicated for the first time in climate conference

Dubai, Dec 5 (Prensa Latina) The role of trade in addressing climate change as a principle of inclusiveness and ensuring the presence of all sectors was addressed today at the COP28 Trade Day, for the first time at the Conference of the Parties.

As one of the novelties of the 28th United Nations Climate Change Conference (COP28), which is in session in this capital until December 12, the event highlighted the role of the exchange of goods and services and how trade policy can boost and accelerate the transition to clean energy.

The World Trade Organization (WTO) undertook the initiative together with the United Arab Emirates, in collaboration with the United Nations Conference on Trade and Development, the International Chambers of Commerce and the World Economic Forum.

On Trade Day, discussions were focused on mechanisms to improve a policy roadmap for fair and ambitious responses to climate change through trade.

WTO Director-General Ngozi Okonjo-Iweala drew attention on the needs for the use of all weapons to fight the climate crisis, and insisting that trade is about people, it is a tool to improve their lives and livelihoods, she stressed.


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