In September 2015, governments at the United Nations took a major step towards defining a common framework for future action, when they adopted 17 Sustainable Development Goals (SDGs) as part of the new Agenda 2030. Among other things, this included a commitment under SDG 2 to end hunger and all forms of malnutrition by 2030.

The Asia Society Policy Institute (ASPI) and the International Centre for Trade and Sustainable Development’s (ICTSD) report, Northeast Asia Carbon Markets and Trade Connections, focuses on carbon pricing and the linking of carbon pricing systems as a potential catalyst for increased trade relationships, and explores how the benefits from linkin

Much has changed since the European Commission published in 2011 “The roadmap for moving to a competitive, low carbon economy in 2050.” The Paris Agreement created a new global framework to address climate change, and many of the assumptions—including technological and scientific ones— on which the 2050 roadmap was built have changed.

The EU Emissions Trading System (EU ETS) is important through its role as the “cornerstone” of EU climate change policy as well as a “role model” and “pioneer” for carbon markets.

There is an inescapable nexus between trade and climate change. Trade activities affect the climate. Climate measures affect trade. Economically, environmentally, and legally under international law, the two are intertwined.

Road transport accounts for about one-fifth of global greenhouse gas emissions and these are growing rapidly, particularly in developing countries.

This paper develops the broad contours of an ambitious approach to fossil fuel subsidy reform using the multilateral trade system. It does not remain within the limits of existing World Trade Organization (WTO) law, or the overall market-opening goals of the WTO.

The G20 has committed to phasing out inefficient fossil fuel subsidies. Such measures, intended to favour energy security or protect the poor from high fuel costs, encourage the extraction and wasteful consumption of fuels, undermine the competitiveness of renewable energy, and further aggravate climate change.

The EU Emissions Trading System (EU ETS) has passed its 10th anniversary. As any other undertaking, it requires, periodically, an assessment regarding its well-functioning, and the delivery of its objectives. Article 10(5) of the EU ETS Directive provides for such a yearly assessment.

The increasingly interconnected nature of the global economy means that the impacts of climate change mitigation measures, or response measures, are not confined within the borders of countries implementing them. Such impacts will become of even more and growing importance under the decentralised and increasingly ambitious new climate regime.

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