Wednesday, February 10, 2010

June 29, 2009 10:21 AM

Free Trade Can Help Combat Global Warming: UN Report

NEW YORK, June 29 (Bernama) -- Contrary to conventional wisdom, further liberalization of international trade, can help to combat climate change and support a low carbon economy, said a joint United Nations Environment Programme (UNEP) and World Trade Organization (WTO) report launched in Geneva, recently.

The "Trade and Climate Change" report stressed that an increase and opening of trade could have a positive impact on greenhouse gases emissions by accelerating the spread of clean technology and providing opportunities for developing economies to adapt those technologies.

"With a challenge of this magnitude, multilateral cooperation is crucial and a successful conclusion to the ongoing climate change negotiations is the first step to achieving sustainable development for future generations," reports the Emirates news agency (WAM) citing the UNEP Executive Director Achim Steiner and WTO Director General Pascal Lamy, as saying.

According to a joint news release, Steiner and Lamy together urged the international community to "seal an equitable and decisive deal at the crucial UN climate convention meeting in Copenhagen, Denmark, in December," when States aim to negotiate an ambitious new greenhouse gas reduction agreement to succeed the 1997 Kyoto Protocol.

They pressed nations to conclude the stalled Doha trade round, a series of international talks under the WTO that began in 2001 in a bid to reduce trade barriers which includes opening trade in environmental goods and services.

The report noted that rising incomes, resulting from freer trade can also change social patterns and aspirations with wealthier societies having the opportunity to demand higher environmental standards including those relating to greenhouse gas emissions.

In addition, the reports pointed to evidence suggesting that more open trade together with measures to combat climate change can accelerate innovation, including new products and processes that create new clean technology businesses.

-- BERNAMA

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