New guidelines for the G7: EIEE joins a new informal coalition
On Friday, April 4, 2023 the Consortium for Climate-Aligned Trade launched its initial recommendations to G7 leaders to align trade policies with their climate and economic goals.
The Consortium for Climate Aligned Trade (CCAT) is an informal coalition of researchers and institutions from a dozen leading think tanks in the G7 community. These researchers bring extensive expertise in climate and trade policies. CCAT members understand that meeting global climate goals will depend in significant part on whether trade policy helps rapidly decarbonize energy intensive industrial sectors, such as steel, aluminum, chemicals, fertilizers, and cement.
CMCC and the European Institute on Economics and the Environment have joined this new initiative to accelerate climate action and spur economic growth. At a time when G7 members are pursuing new industrial and trade policies to decarbonize their economies, these recommendations identify actions that will spur faster and more comprehensive global decarbonization through collaboration.
Here’s what Massimo Tavoni and Andrea Tilche, of the European Institute on Economics and the Environment, wrote in an article published a few days ago on a national newspaper:
“International trade offers the possibility to align global climate ambition. […] The forthcoming G7 in Japan may be the most suitable place to strengthen an alliance of member countries, open to the rest of the world, to combine climate and trade policies, with the goal of accelerating global decarbonisation and ensuring more secure and reliable supply chains”.
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