Trade and climate: Joined at the hip?
Two events of importance to sustainable development advocates took place at the close of the year 2009: the long-delayed WTO ministerial conference and the Copenhagen climate summit. How the world responds to climate change has significant implications for international trade. The Copenhagen Accord does not even mention two of the most contentious issues at stake here, i.e. border tax adjustments on carbon-intensive imports (strongly opposed by developing countries) and the role intellectual property rights in keeping climate-friendly technologies out of reach of poor nations (a no-go zone for many developed countries). Both were subject to fierce debate in the negotiations throughout last year, and remain unresolved.