The realization that the development agenda is an increasingly important component of greenhouse gas (GHG) mitigation is recognized by the IPCC, under the term co-benefits, i.e. complementary benefits.
Policies with multiple benefits, including climate change mitigation or adaptation outcomes can be an effective way to muster domestic support for climate policies and achieve greater levels of ambition.
Examples of such co-benefits include economic growth and development, poverty reduction, and improved air quality, health, energy security, job creation, biological diversity and water management. Trade policies can have an impact on climate change, and climate policies can influence trade among countries.
The event will bring into focus the actual or potential role of the market and trade in leveraging the various co-benefits of climate polices from 2016 onwards.