Trade liberalization for environmental goods would reduce CO2 emissions

According to the World Trade Organization (WTO), the CO2 footprint of global trade should be reduced with the help of lower tariffs and more climate-friendly transport of goods. The liberalization of trade in sustainable energy technology and environmentally friendly products could reduce global emissions of the greenhouse gas CO2 by around 0.6 percent, the WTO calculated in this year’s world trade report, which was presented on Monday at the COP27 world climate conference in Egypt.

“Trade is one of the missing pieces of the puzzle for more ambitious and effective climate action,” said WTO chief Ngozi Okonjo-Iweala in Sharm el Sheikh…

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