The upcoming COP28 climate summit in Dubai is set to shine a spotlight on the crucial role of trade in goods and services and how trade policy can bolster and expedite the clean energy transition.
Hosted by the United Arab Emirates (UAE), COP28 will feature a groundbreaking “Trade Day,” marking the first time such a dedicated discussion on trade will take place within the context of a UN climate conference.
“Trade Day” at COP28 aims to underscore the potential of trade as a catalyst for climate-smart development. Focusing on key issues like value-chain decarbonization and resilience, the discussions will explore how trade can contribute to addressing climate challenges effectively.
The event will bring together experts, policymakers, and stakeholders to deliberate on ways to harness trade’s influence to advance sustainability efforts. By exploring avenues for value-chain decarbonization, participants seek to identify ways to reduce carbon footprints across the entire supply chain of goods and services, thereby promoting more eco-friendly practices.
Additionally, the discussions will address the critical aspect of resilience, recognizing trade’s potential to create climate-resilient systems and economies that can withstand the challenges posed by climate change.
With COP28 paving the way for this significant focus on trade and its relation to climate action, the conference aims to drive innovative approaches and collaborations that can accelerate the global clean energy transition.
As nations gather in Dubai, the world awaits the outcomes of these vital discussions, hoping for concrete strategies that will pave the way for a more sustainable and climate-conscious future.