The Trade, Climate, and Development Triangle: A call to action
7 December 2023

The Trade, Climate, and Development Triangle: A call to action


Europe Jacques Delors, in partnership with the World Trade Organisation, organised an event on the sidelines of COP28 in Dubai. This high-level event took place on 8 December in the Trade House pavilion, organised jointly with TradeMark Africa and the Government of Barbados (Office of the Prime Minister).


World Trade Organization
TradeMark Africa
Barbados (Office of the Prime Minister)

The Trade, Climate, and Development Triangle: A call to action

Europe Jacques Delors' panel on the nexus between Trade, Climate and Development was a great opportunity to discuss a Call to Action!

Main takeaways:

- Trade-related climate measures are crucial in accelerating climate change mitigation and adaptation. We must better take into account development considerations when designing and implementing these measures.

- We need to provide capacity building to developing countries most impacted by specific policies - such as CBAM - to build local capacity and green their industries.

- A nuanced approach based on countries historic contributions to climate change and technical and financial #capabilities is needed, based on the principle of Common but Differentiated Responsibilities and Respective Capabilities

- There is an urgent need for more climate finance! - An annual investment of $2.4 trillion is required by 2030 to address climate change mitigation in emerging markets and developing countries. This can only be a achieved with the restructure of the financial system as advocated by the Barbados-led Bridgetown initiative.

A special thanks to our panelists:

- Geneviève Pons – Director-General & Vice-President, Europe Jacques Delors
- Professor Avinash Persaud - Special Envoy to the Prime Minister of Barbados on Investment and Financial Services; Member of the Independent High-Level Expert Group on Climate Finance
- Allen Sophia Asiimwe– Deputy CEO & Chief of Programmes, TradeMark Africa
- Kurt Vandenberghe- Director-General DG CLIMA, European Commission

And our moderators: Pascal Lamy, Vice-President of Europe Jacques Delors, and Colette van der Ven, EJD Research Associate & Founder and director of Tulip Consulting.

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