Agreement on Climate Change, Trade and Sustainability (ACCTS) Signed
Bern, Switzerland – November 15, 2024 – Today, the Swiss Confederation and the following countries signed the Agreement on Climate Change, Trade and Sustainability (ACCTS):
- European Union
- United Kingdom
- Japan
- Canada
- Norway
The ACCTS is a landmark agreement that aims to promote sustainable trade, address climate change, and support sustainable development. It is the first of its kind to bring together trade and climate change in a comprehensive framework.
Key Provisions of the ACCTS
The ACCTS includes a number of key provisions, including:
- Trade and Climate Change: The agreement commits signatories to reduce greenhouse gas emissions and promote sustainable trade practices. It establishes a framework for cooperation on climate-related trade issues, such as carbon pricing and border adjustment mechanisms.
- Sustainable Development: The ACCTS recognizes the importance of sustainable development and includes provisions to promote social and environmental protection in trade agreements. It also establishes a mechanism for monitoring and evaluating the impact of trade on sustainable development.
- Dispute Resolution: The ACCTS includes a dispute resolution mechanism to address potential conflicts between trade and environmental objectives.
Significance of the ACCTS
The ACCTS is a significant step forward in the global effort to address climate change and promote sustainable development. It is the first agreement of its kind to bring together trade and climate change in a comprehensive framework. The agreement is expected to have a major impact on global trade and environmental policies.
Next Steps
The ACCTS will now enter into force once it has been ratified by all signatories. The parties to the agreement have agreed to meet regularly to review progress and ensure that the agreement is being implemented effectively.
Quotes
“The ACCTS is a landmark agreement that will help us to address the interconnected challenges of climate change and sustainable development,” said Swiss President Ignazio Cassis. “We are proud to be part of this historic agreement and we look forward to working with our partners to implement it.”
“The ACCTS is a major step forward in the fight against climate change,” said EU Climate Action Commissioner Frans Timmermans. “It will help us to reduce greenhouse gas emissions, promote sustainable trade practices, and support sustainable development.”
Additional Information
For more information on the ACCTS, please visit the website of the Swiss Federal Office for the Environment (FOEN): www.bafu.admin.ch/bafu/en/home.html
Agreement on Climate Change, Trade and Sustainability (ACCTS) signed
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