WTO goes green as climate change impacts trade

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

GENEVA: The World Trade Organization\u0027s boss insisted on Monday (Jun 13) that turning trade green was now urgent business, with the WTO putting climate change at the heart of its negotiations. The WTO is staging its first meeting of trade ministers in nearly five years and environmental issues are rocketing

"We need to profoundly change how we produce and consume things if we want our children to have a sustainable, peaceful and comfortable life in 50 years' time," said WTO deputy director-general Zhang Xiangchen.

Several dozen WTO member countries pledged in late December to intensify discussions on plastic pollution, fossil fuel subsidies and environmentally sustainable trade, in a move hailed as historic by Okonjo-Iweala.Australia's WTO ambassador George Mina, who co-chairs the Informal Dialogue on Plastics Pollution, said 72 countries were now on board.

"Trade policy has to be a part of the solution on the environment and climate change response," he said. At a press conference on fossil fuel subsidies, Iceland's Foreign Minister Thordis Kolbrun R Gylfadottir said renewable energy was"good business", making economic and environmental sense.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines