Ngozi Okonjo-Iweala calls for changes to ensure developing nations are resilient to affects of extreme weather
Ngozi Okonjo-Iweala: ‘If you can mobilise $26tn [in response to Covid-19], it beggars belief that you can’t mobilise $100bn [for climate finance].’Ngozi Okonjo-Iweala: ‘If you can mobilise $26tn [in response to Covid-19], it beggars belief that you can’t mobilise $100bn [for climate finance].’Last modified on Fri 24 Dec 2021 11.29 GMTaway from fossil fuels and make developing countries more resilient to the impacts of global heating, the head of the World Trade Organization has said.
Ngozi Okonjo-Iweala, who took over as director general of the global watchdog last March, said: “Trade is part of the solution, not part of the problem … We need a global effort to climate-proof the supply chains and infrastructure of the most vulnerable economies or risk undoing hard-won economic progress and development.”
She told the Guardian trade would be essential to helping developing countries cope with the effects of extreme weather, which are already being felt. “We need to put in place trade policies to cushion against the negative impacts of climate change, to ensure food security in the face of climate threats [and] provide access to adaptation technologies,” she said.
Environmental rules could be compatible with trade, she said: “The WTO rules do not preclude people from putting in environmental standards [but] if you’re designing your environmental policies you have to do it in such a way that it’s transparent, and you are not discriminating against like products.”
The WTO last week embarked on an initiative to incorporate environmental concerns into trade, with roadmaps for theOkonjo-Iweala believes that, in the wake of the, trade will become a vital tool in achieving the drastic cuts necessary in greenhouse gas emissions, helping to shift the global economy to a low-carbon footing.
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