Is a global carbon price the key to fair trade? Can global trade reform drive climate action? In this week's episode of The Energy Gang, Ed Crooks is joined by Amy Myers-Jaffe, Director of the NYU SPS Energy, Climate Justice, and Sustainability Lab, and Dan Esty, Hill House Professor of Environmental Law and Policy at Yale University. Together, they explore how international trade rules can be the foundation for global cooperation in the energy transition. Dan argues that the trade system may be the best way to ensure that businesses globally move together towards a clean energy future without competitive disadvantages. Trade rules can enforce environmental standards globally and encourage the adoption of low-carbon technologies. Join us as we delve into the economic opportunities a reformed trade system can offer and its potential for investment in developing countries. Listen now and subscribe to the Energy Gang on Apple Podcasts, Spotify or on the Wood Mac website: https://okt.to/QeGRUS
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This week, Dan Esty was featured on The Energy Gang Podcast on their episode: 'How Global Trade Can Build the Clean Energy Economy'. "Dan argues that the trade system may be the best way to get everyone in the world, and businesses in particular, to 'lock arms and move together' to decarbonize the global economy. The goal is to make sure that 'no one's competitively disadvantaged by stepping out in front of the pack when it comes to this movement to a clean energy future.' Ed, Amy and Dan explore this concept in this week’s show. The trade system provides a structured framework of rules that can enforce environmental standards globally. By integrating these standards into trade policies, countries can be encouraged to adopt low-carbon technologies without fearing competitive disadvantages. Businesses and countries are reluctant to switch to clean energy if they think their competitors won't do the same. Trade rules can make sure everyone plays fair." Listen here: https://lnkd.in/d6Fk6hQF
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The latest #ThinkChange podcast tackles a pressing issue: the "green squeeze." As countries strive to meet climate goals, new trade policies may be inadvertently harming those who contributed least to the crisis. 🎙 Join Sara Pantuliano, Faizel Ismail, Jan Yves Remy and Jodie Keane as they delve into: ▪The unintended consequences of climate-related trade measures ▪How the 'green squeeze' is impacting producers on the ground ▪Potential solutions, including the Villars Framework 🎧 Tune in for a critical discussion on global equity, climate action, and sustainable trade. ⤵ #GreenSqueeze #TradeandClimate #TradeandEnvironment #ClimateChange #TradePolicy
Think Change episode 48: what is the ‘green squeeze’ and how can it be mitigated?
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We have very limited time to keep the #climate goals set out in the #ParisAgreement within reach. Wealthy countries have introduced new #greentrade policy measures, but there are concerns these are negatively impacting low-income countries that have contributed the least to the climate crisis. Just released: ODI's latest #Think Change podcast unpacks the concept of the 'green squeeze'. Faizel Ismail (The Nelson Mandela School of Public Governance, UCT), Jan Yves Remy (Shridath Ramphal Centre for Int'l Trade Law, Policy and Services, UWI) and ODI's very own climate and #trade specialist Jodie Keane join me to dissect what it means, both at a policy level and for producers feeling the burden of these new trade measures. We ask what can be done to help mitigate the 'green squeeze' on exporting countries, and whether reforms proposed in the #VillarsFramework could enable a more equitable way forward for green trade. Think Change is available to listen to on your preferred podcast app. 🎧 #GreenTrade #SustainableTrade #GreenSqueeze #VillarsFramework #ThinkChangePodcast https://lnkd.in/giwbuaGf
Think Change episode 48: what is the ‘green squeeze’ and how can it be mitigated?
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🌍 A new white paper from the World Economic Forum Trade & Investment and World Economic Forum highlights how significant investment, collaboration, and tailored national policy approaches are needed to support this green pathway forward. Closing the gap between increasing global demand and available supply will require a concerted effort by governments, industry, and investors. Proud to be part of this important work, supporting the global need for all stakeholders to collaborate. #sustainability #mining #investment #innovation #criticalminerals
📢 Today we publish our new Climate Trade Zero community paper "Translating Critical Raw Material Trade into Development Benefits". The paper looks at the evolving state-to-state deal-making landscape on critical raw materials for the energy transition. It explores what these deals might need to include to drive increased economic development beyond extraction activities alone. It also looks at how regional integration, such as the African Continental Free Trade Area (AfCFTA), can be used to increase investor appetite in local clean technology value chains. Check it out here 👉 https://lnkd.in/gFBZ4S3v And you can also read the blog version, with additional insights from 3️⃣ CEOs, including Ørsted's Mads Nipper, Vale's Eduardo Bartolomeo, & TechMet Ltd's Brian Menell, as well as UN Trade and Development (UNCTAD)'s Rebeca Grynspan, and thought leaders from Institute for European Environmental Policy (IEEP) Eero Yrjö-Koskinen & ECDPM 🔎 🌍 Bruce Byiers ➡ https://lnkd.in/ebuBGiUC Thanks to many who contributed to this work, which is just one step forward in an important ongoing conversation! Guillaume Dabré 陶墨勇 Kimberley Botwright Luciana Gutmann Marina Colombo Eline Blot Simon J. Evenett Tim Figures Benjamin Gibson Isabel Gómez Bernal Andrew Jacob Donna Kitsos
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A global trade system that favours rich countries isn't just inequitable. It's also unsustainable, warns Faizel Ismail, Director of The Nelson Mandela School of Public Governance at the University of Cape Town. Faizel is among the trade experts who joined our latest Think Change podcast on the 'green squeeze', which refers to the negative impacts green trade policy measures are having on low-income countries – those least responsible for the climate crisis. In the episode we hear about what we can do to mitigate this 'green squeeze' and shift the burden of adjustment to drive fairer, more sustainable progress on green trade. Listen here: https://lnkd.in/eBH6meM6 #GreenTrade #SustainableTrade #GreenSqueeze #VillarsFramework #ThinkChangePodcast
Think Change podcast: Faizel Ismail on building a fairer trade system
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We are adapting to the current political climate by focusing on sustainability, energy efficiency, and diversification of supply chains to mitigate geopolitical risks. Additionally, there's a push for regulatory compliance and engaging in dialogue with policymakers to address trade tensions and promote fair competition.
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Government backing does not guarantee impact - especially in the carbon markets. A recent investigation by ZDF's Frontal exposed a troubling practice: German oil companies used fake projects from China to fulfill their climate obligations. Just one example of many: €80 million were paid for an alleged climate protection project in a Chinese Uyghur province, which upon inspection turned out to be an abandoned chicken coop. This exposé on fraudulent Upstream Emissions Reduction (UER) projects in China raises concerns, but it's important to differentiate between compliance markets that include UERs and the voluntary carbon market (VCM). Read our blog post by Senior Impact Manager Lucas van Doorn to learn more about why compliance markets are not watertight, what lessons can be derived for buyers of voluntary carbon credits and how to effectively navigate carbon market risk. https://lnkd.in/ex3H7t5W
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It’s Not Easy Trading Green with John F. Kerry, Laurence Tubiana, Catherine Feingold and Børge Brende #SDIM24 According to the World Trade Organization, world #trade is set to grow by 3.3% in 2025 but numerous challenges remain in ensuring this growth aligns with global #nature and #climate goals. How should business and government collaborate to create trade frameworks that promote economic development while supporting next-generation technologies and ensuring environmental sustainability? This session builds on the work of the World Economic Forum's Green Trade Initiative and First Movers Coalition (FMC).
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Great update from the World Economic Forum Trade & Investment team! Another outstanding report is out, shedding light on the complex landscape of critical minerals. This new white paper explores elements developing countries could prioritize in critical mineral deals to drive increased economic development beyond extraction activities alone. It also looks at whether regional integration initiatives, such as the African Continental Free Trade Area, can be used to increase investor appetite in local clean technology value chains. Stay informed, stay ahead! #CriticalMinerals #TradeDevelopment
📢 Today we publish our new Climate Trade Zero community paper "Translating Critical Raw Material Trade into Development Benefits". The paper looks at the evolving state-to-state deal-making landscape on critical raw materials for the energy transition. It explores what these deals might need to include to drive increased economic development beyond extraction activities alone. It also looks at how regional integration, such as the African Continental Free Trade Area (AfCFTA), can be used to increase investor appetite in local clean technology value chains. Check it out here 👉 https://lnkd.in/gFBZ4S3v And you can also read the blog version, with additional insights from 3️⃣ CEOs, including Ørsted's Mads Nipper, Vale's Eduardo Bartolomeo, & TechMet Ltd's Brian Menell, as well as UN Trade and Development (UNCTAD)'s Rebeca Grynspan, and thought leaders from Institute for European Environmental Policy (IEEP) Eero Yrjö-Koskinen & ECDPM 🔎 🌍 Bruce Byiers ➡ https://lnkd.in/ebuBGiUC Thanks to many who contributed to this work, which is just one step forward in an important ongoing conversation! Guillaume Dabré 陶墨勇 Kimberley Botwright Luciana Gutmann Marina Colombo Eline Blot Simon J. Evenett Tim Figures Benjamin Gibson Isabel Gómez Bernal Andrew Jacob Donna Kitsos
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💲In an attempt to encourage firms to decarbonise their activities, many countries have started to impose a price on #carbon emissions. 📊However, carbon price uncertainty is likely discouraging investment in decarbonisation. ⭐This column presents a market-based, high-frequency measure of carbon price uncertainty in the #EU Emissions Trading System to help quantify this effect. 👉The authors find that carbon price uncertainty is high, it varies substantially over time, and it experiences persistent shocks around major climate policy events. 📉The effect of increases in carbon price uncertainty on firms' decisions to decarbonise their operations is economically large and of a similar magnitude to the effect of a decline in the carbon price. Vox column by: Maximilian Fuchs (Copenhagen Business School), Johannes Stroebel (NYU Stern School of Business), Julian Terstegge (Copenhagen Business School) Read more here: https://ow.ly/HSPW50TrweV
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