Bold actions commensurate with the urgency of the current climate situation are needed for a successful energy transition. Most of the energy transition must be based on renewable sources. A record-breaking $1.3 trillion in worldwide investments in energy transition technologies was reached in 2022.
Global annual spending in these technologies must more than double to $5 trillion to maintain Paris Agreement target of limiting future global warming to 1.5°C. By 2030 global energy transition investments must reach $5.5 trillion annually over the next 8 years (IRENA, 2023).
UNCTAD estimates that developing country investment levels must reach $1.7 trillion annually. However, developing countries have only attracted $544 billion in FDI for clean energy in 2022.
The magnitude of required investment indicates a corresponding huge, growing commercial market for low carbon energy technologies that developing countries must seize as producers and exporters of renewable energy goods and services. The opportunity cost of not participating in this growing market and risks of leaving developing countries behind is high.
This event will examine how South-South Trade, and more specifically the Global System of Trade Preferences among Developing countries (GSTP), can be harnessed to reap commercial and development benefits from the energy transition in low and zero carbon technologies.
It will explore how the preferential South-South trade on these technologies, inputs and upstream goods required for their manufacture can support National Determine Contributions (NDCs) implementation by Developing countries while creating new investment, production, trade, and transfer of technology opportunities.
This event will be live streamed
- Ms. Miho Shirotori, Acting Director of the Division on International Trade and Commodities at UNCTAD
- Ms. Edel Moraes, Vice Minister of Environment and Climate Change, Brazil (tbc)
- Ms. Chantal Line Carpentier, Head, Trade, Environment, Climate Change and Sustainable Development Branch, DITC, UNCTAD
- Ms. Elisabeth Press, Director of Planning and Programme Support, IRENA
- Ms. Carolyn Deree Birkbeck, Executive Director, Forum on Trade, Environment & the SDGs (TESS)
- Ms. Maria José González, Senior adviser, Ministry of Energy, Uruguay
- Mr. Carlos Correa, Executive Director, South Centre
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Miho Shirotori is the Acting Director of the Division on International Trade and Commodities (DITC) of the United Nations Conference on Trade and Development (UNCTAD).
Miho also leads a team of experts that assess how trade agreements, trade in services, and the creative economy contribute to inclusive and sustainable economic diversification.
Her expertise includes “equitable” trade in agriculture for least developed countries, low-income countries, and net food-importing developing countries.
Miho represents UNCTAD in global conferences and various inter-agency activities, including the UN inter-agency task force that monitors the implementation of the Addis Ababa Action Plan for the Financing for Development.
Chantal Line Carpentier joined DITC, UNCTAD after serving as Chief, UNCTAD New York Office of the Secretary-General, since 2014. She brings to the Branch over 25 years of work experience in International Trade, and Environmental and Agro-Economics.
Prior to working with UNCTAD, she supported the Commission on Sustainable Development and served as Major Groups (of non-State actors) Coordinator for the UN Rio+20 Conference and the SDGs negotiations at the United Nations Department of Economic and Social Affairs (UNDESA), and supported the sustainable consumption and production and sustainable agriculture negotiations. As Head of the North American Free Trade Agreement Commission for Environmental Cooperations, she lead work on the nexus of environment, economy, and trade. She also served as Agro-environmental policy analyst for Winrock International, and post-Doctoral fellow/Brazil office manager for the International Food Policy Research Institute.
She obtained a PhD. in Agro-Environmental Economics from Virginia Technology and MSc. and BSc. from McGill University. She has an extensive list of publications on sustainable agriculture, trade and environment, sustainable consumption and production, financing for sustainable development, stakeholder engagement, global value chains, micro, small and medium enterprises, and economic empowerment of women.
Ms Elizabeth Press is Director of Planning and Programme Support in the Executive Office of the International Renewable Energy Agency (IRENA). She leads the Agency’s programme and strategy development and related activities in IRENA governing bodies. Ms Press represents IRENA in climate-focused organisations and initiatives and leads several special projects, including geopolitics of energy transitions. She also oversees diversification of the Agency’s resource base and is IRENA’s focal point in Europe. Ms Press has served with IRENA since its inception in 2011. Before joining the Agency, she worked for some 18 years in development and peace and security, predominately with the United Nations. Ms Press served in Africa, Europe, Middle East, North America, and South-East Asia. She has an MA in Public Administration.
Dr. Deere Birkbeck is Director of the Forum on Trade, Environment and the SDGs (TESS), a partnership of the Geneva Graduate Institute and UNEP, where she leads the initiative’s work to foster inclusive international cooperation on trade and sustainability. Her recent research focuses on climate change and trade, where notably she has championed the idea of an inclusive Trade Ministers Coalition on Climate, as well as the global governance of plastics and plastic pollution. She is also an Associate Fellow of Chatham House. Dr. Deere Birkbeck is the founder and Board Chair of Global Policy Reporting, a Geneva-based non-profit organisation dedicated to open access and independent news reporting, which houses Health Policy Watch (launched in 2019) and Intellectual Property Watch for the prior 15 years. She also served as an Assistant Director at the Rockefeller Foundation in New York where she was responsible for grantmaking on intellectual property, trade and sustainable development. Previously, she worked for the Global Economic Governance Programme at the University of Oxford, the International Centre for Trade and Sustainable Development (ICTSD), and the Overseas Development Council.
Dr. Carlos M. Correa is the Executive Director of the South Centre. Dr. Correa has worked with the Argentine government and has been the Director of the Center for Interdisciplinary Studies on Industrial Property and Economics at the Law Faculty of the University of Buenos Aires.
He has been a member of the Scientific Council of the Deutsch-Argentinisches Hochschulzentrum, of the UK Commission on Intellectual Property, of international expert commissions convened by the World Health Organization and of the FAO Panel of Eminent Experts on Ethics in Food and Agriculture. He has been a visiting professor in post-graduate courses of several universities, as well as consultant to various regional and international organizations, including FAO, UNCTAD, UNDP and UNIDO.
He is the author of several books and of numerous articles. He is a lawyer and economist and holds a PhD in Law from the University of Buenos Aires.
28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28)
30 November to 12 December 2023, Expo City, Dubai
UN Climate Change Conference
30 Nov - 12 Dec 2023
COP28 Trade House Pavilion Programme
1-12 December 2023, Expo City, Dubai
TopicTrade and environment
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- Trade House event at COP28: Mitigating climate change with trade-related regulations
- Trade House event at COP28: Key elements of a just transition that leave no one behind
- Trade House event at COP28: Harnessing services trade for the energy transition
- Trade House event at COP28: How sustainable trade and waste management can support climate mitigation through addressing plastic pollution
- Trade House event at COP28: Trade and fiscal space - The finance question
- Trade House event at COP28: Decarbonizing ocean-based sectors through trade, investment, and technology policies
- Trade House event at COP28: Trade and investment policy to advance the implementation of climate goals
- Trade House event at COP28: Remaking the global trade system for a sustainable future: From COP28 to MC13
- Trade House event at COP28: The contribution of social and solidarity economy to the SDGs: the role of trade policy
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