BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a58fb49dfa3d DTSTART:20240626T110000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20240626T120000Z LOCATION:Geneva\, Switzerland SUMMARY:9th Global Aid for Trade Review side event: Nationally determined c ontributions 3.0\, trade\, finance and investment gaps CLASS:PUBLIC DESCRIPTION:The role of international cooperation and Aid for TradeTrade\, investment\, and green industrial policies have an important role to play in helping economies achieve carbon emission reductions set forth in their National Determined Contributions (NDCs) and sustainable development Trad e-related policies and measures such as tariffs\, market-based mechanisms\ , subsidies\, and technical regulations can facilitate energy transitions\ , expand the market for carbon-efficient products\, and facilitate the pha sing out of unsustainable economic activities. However\, they can also cre ate trade barriers and impact the competitiveness and sustainable developm ent priorities of economies. Alongside\, international cooperation on trad e can also facilitate the development\, diffusion\, affordability\, and up take access to technologies necessary for the net zero transition and clim ate-resilient development.The global investment gap for achieving SDGs is estimated to be $4.4 trillion\, half of which is required for energy trans ition. Global unmet demand for trade financing surged to $2.5 trillion ann ually by 2022 and there remains a huge gap in climate financing for develo ping economies.UN Trade and Development'\;s World Investment Report 20 23: Investment in Sustainable Energy for All calls for urgent support to d eveloping economies to enable them to attract significantly more investmen t for their transition to clean energy and to ensure successful implementa tion paths for NDCs. Alongside\, recent UN Trade and Development research identified almost 700 trade-related measures in existing NDCs in a first e ffort to identify how trade is present in existing national climate plans and its mostly untapped potential as a means of implementation for advanci ng national climate goals.Against this backdrop\, coherent trade and inves tment policies are important for economies to design and meet their Nation al Determined Contributions (NDCs) 3.0. More broadly\, there is growing re cognition of the importance of international cooperation on trade and clim ate. The Coalition of Trade Ministers on Climate\, for instance\, bringing together over 60 Ministers from a diverse range of economies\, has highli ghted the importance of supporting developing economies to develop trade a nd climate strategies and policies that support climate mitigation and ada ptation\, and fair transitions toward climate-resilient development.This s ession will provide an opportunity to explore views from WTO Members on ho w economies can leverage trade and investment policies – and internation al cooperation on such policies - to achieve NDCs and how climate objectiv es can offer new trade and investment opportunities for sustainable develo pment. The discussion will also explore the capacity gaps to be addressed for developing economies to reflect trade\, finance and investment conside rations\, priorities\, and policies in their Nationally Determined Contrib utions 3.0. In this regard\, speakers will share their experiences\, chall enges and priorities in regard to the formulation of trade and climate str ategies that support climate-resilient development\, and the role of inter national cooperation and Aid for Trade.The session will provide an opportu nity to discuss UN Trade and Development’s recent research on how trade and investment policies can be leveraged to achieve NDCs 3.0 while contrib uting to the Sustainable Development Goals.  In addition\, the ongoing Ac tion on Climate and Trade (ACT) initiative by the World Bank\, the World E conomic Forum and the WTO Secretariat will also present a range of trade p olicy options that can be used by Members to enhance their climate mitigat ions and adaptation strategies to meet their climate objectives under the Paris Agreement.ProgrammeWelcoming remarksMr. Pedro Moreno\, Deputy Secret ary-General\, UN Trade and DevelopmentModerator Ms. Chantal Line Carpenti er\, Head\, Trade\, Environment\, Climate Change and Sustainable Developme nt\, UN Trade and DevelopmentPanelists:H.E. Mr. Sok Sopheak\, Secretary of State of Commerce\, Ministry of Commerce\, CambodiaH.E.  Mrs. Pimchanok Pitfield\, Ambassador\, Permanent Representative of Thailand  to the Worl d Trade Organization and the World Intellectual Property OrganizationMr. M atthew Wilson\, Ambassador of Barbados to the WTOMr. Jimmy Rantes\, Direct or General\, Ministry of Trade and Commerce\, Vanuatu Ms. Kimberley Botwr ight\, Head of Sustainable Trade\, World Economic Forum<\;h3 class=" \;text-align-center\n\nView meeting on unctad.org\nhttps://unctad.org/meet ing/9th-global-aid-trade-review-side-event-nationally-determined-contribut ions-30-trade-finance DTSTAMP:20260716T153953Z END:VEVENT END:VCALENDAR