Climate change presents an undeniable threat to sustainable development, especially for the poorest regions and peoples of the world. In many developing countries, in particular least developed countries and small-island developing states, poverty combined with dependence on limited exports increases their vulnerability. Efforts to address climate change should focus on policies that deliver win-win outcomes. ICTSD’s work promotes the concept that trade can and should be a part in building resilience to climate change, for instance by supporting economic diversification. In addition, innovative financing mechanisms in the trade and climate change regimes can be designed so that they reinforce and complement each other.
