74. Green light: How trade can drive the clean energy transition and cut global emissions
This episode of The Weekly Tradecast looks at the role that trade has to play in the clean energy transition with senior UNCTAD economist Chantal Line Carpentier.
Next week, the UN climate summit – COP28 – is dedicating a day to trade and how it can help fight climate change.
The global production and distribution of goods and services accounts for around a quarter of all emissions.
But to limit global warming to 1.5 degrees Celsius, scientists say we must reach net zero for greenhouse gases by 2050.
That means cutting those emissions to as close to zero as possible – with any remaining ones absorbed from the atmosphere by oceans and forests.
Listen in to UNCTAD’s Chantal Line Carpentier to find out why trade is vital to achieving the climate targets and how it can help cut global emissions.