WTO calls for free trade in goods to cope with climate change

Last week, delegates from nearly 200 countries concluded two weeks of climate talks by agreeing to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by the greenhouse gases from rich countries. But, finance is only one part of the solution; a good trade policy framework is necessary to turn climate investment into climate transformation, says the World Trade Organization (WTO) in its World Trade Report 2022.

The WTO report argues that trade is part of the solution for achieving a low carbon, resilient, and just transition. It says about 40 per cent of the