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A net zero future depends on open trade of green goods and services

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In the future when historians look back at 2021 they could well see it as a turning point. A time when after witnessing unprecedented wildfires, flash flooding and extreme winds, the world finally took notice and came together to tackle climate change.

Or they could see it as a time when the world squandered this moment, subsequently condemning the planet for future generations. International cooperation is vital to ensure that it’s the former rather than the latter. As we fast approach the Cop26 climate change summit, we must enact concrete steps to tackle this global threat as well as remove the barriers preventing cooperation, especially for the trade of environmental goods and services (EGS).

One of the most fundamental challenges for developing a cohesive framework for trading environmental goods and services is one of semantics: we can’t yet agree on a definition. Previously, EGS........

© City A.M.

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