Fostering Low Carbon Growth: The Case for a Sustainable Energy Trade Agreement
The Global Platform on Climate Change, Trade and Sustainable Energy is pleased to share with you a brand new piece of research, “Fostering Low Carbon Growth: The Case for a Sustainable Energy Trade Agreement”. The paper, which has been prepared by an ICTSD-team with the lead authors being Mahesh Sugathan and Ricardo Melendez-Ortiz, is part of a joint initiative on the promotion of sustainable energy, undertaken by the Global Green Growth Institute, the Peterson Institute for International Economics and ICTSD. The issue paper highlights the role of trade in contributing to massively scaling up and deploying renewable energy, a crucial step in supporting a shift away from fossil fuel so as to ensure energy security and to address climate change. It identifies a number of barriers to trade in sustainable energy goods and services (SEGS), while pointing to a significant governance gap in a number of key issue areas in the trade and sustainable energy interface. The authors argue that this can best be addressed by negotiating a trade agreement on sustainable energy. Such an agreement could initially take the form of a plurilateral agreement including a critical mass of major economies and emitters, either within or outside of the WTO.
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