On January 19, 2023. The European Commission, member states and 26 partner countries have inaugurated the “Coalition of Trade Ministers for Climate,” the first ministerial-level forum on trade, climate and sustainable development issues. Its goal is to determine what positive solutions to the current climate crisis can be offered by trade and trade policy.
The coalition aims to build partnerships between the trade and climate communities to identify how trade policy can contribute to addressing climate change. It will promote trade in goods, services and technologies, and investment in such goods and solutions that help mitigate and adapt to climate change.
An important part of the coalition’s agenda is to identify ways in which trade policy can support vulnerable developing and least developed countries. They are the ones facing the greatest threats from climate change. Participants include trade ministers from regions with different income levels, civil society, businesses, international organizations, and the climate and financial communities.
All interested countries can join the coalition. It currently includes more than 50 ministers from 27 jurisdictions. The four co-chairs are Ecuador, the EU, Kenya and New Zealand. Other participants are: Angola, Australia, Barbados, Gambia, Philippines, Iceland, Japan (foreign affairs and trade), Canada, Colombia, Costa Rica, Maldives, Mozambique, Norway, Republic of Korea, Cape Verde, Rwanda, Singapore, United States, Switzerland, Ukraine, Vanuatu, United Kingdom and Zambia.
The coalition aims to develop policy guidelines and develop trade-related strategies to adapt to changing climate conditions and extreme weather, for example, through the production, dissemination, increased availability and introduction of climate-friendly technologies. All of the dinner’s activities are intended to be consistent with the United Nations Framework Convention on Climate Change (UNFCCC), the Paris Agreement and the Sustainable Development Goals, and to support ongoing efforts by the World Trade Organization (WTO) in this area.
The next ministerial meeting within the framework of the “Coalition of Trade Ministers for Climate” will be held on the sidelines of the next WTO conference, scheduled for early 2024.
The website of the Coalition of Trade Ministers for the Climate.