DDG Paugam: Climate crisis requires scaled-up response from trade community
Climate change is one of the most pressing challenges of our time, with severe consequences for both the environment and the global economy.
The World Trade Organization (WTO) is committed to playing its part in addressing this crisis, and we believe that trade can be a powerful tool for promoting sustainable development and combating climate change.
On 15 November 2024, WTO Deputy Director-General Jean-Marie Paugam spoke at a high-level event on trade and climate change, organized by the International Chamber of Commerce (ICC).
In his speech, DDG Paugam highlighted the importance of scaling up the trade community’s response to the climate crisis.
“The climate crisis is a global problem that requires a global solution, and the trade community has a vital role to play in developing and implementing effective solutions,” he said.
DDG Paugam called on businesses, governments, and international organizations to work together to create a more sustainable trading system.
“We need to make trade more sustainable, and we need to use trade to promote sustainable development,” he said.
He also stressed the importance of investing in climate-friendly technologies and industries.
“We need to invest in innovation and technology to develop new and more sustainable ways of producing and consuming goods and services,” he said.
The WTO is working on a number of initiatives to promote trade and sustainable development, including:
- The Trade and Environment Initiative
- The Global Trade and Climate Change Forum
- The Green Goods Initiative
These initiatives aim to help businesses, governments, and international organizations to develop and implement policies that promote trade and sustainable development.
The WTO is also working with other international organizations, such as the United Nations Framework Convention on Climate Change (UNFCCC), to coordinate efforts to address the climate crisis.
The trade community has a vital role to play in addressing the climate crisis, and the WTO is committed to supporting businesses, governments, and international organizations in their efforts to create a more sustainable trading system.
DDG Paugam: Climate crisis requires scaled-up response from trade community
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