Briefings Can trade and investment policy support ambitious climate action?
Briefings
READING TIME 15 minutes mins
Can trade and investment policy support ambitious climate action?
Since the 1990s, international climate agreements have largely taken a country by country approach to mitigating climate change. However trade and investment flows represent a significant increase in emissions that cannot be bound to a single country. Thus actions designed to tackle climate change require a new set of tools and strategies.
This joint report highlights the need to address investment by countries like the UK in fossil fuels elsewhere in the world, explores the potential for a carbon border tax and stresses the need to address the imbalance in the power of trade agreements compared to climate and other environmental agreements.