Enabling a Just Transition: Trade and industrial policy options for developing countries on climate action and principles for cooperation

IISD Trade Hub event

Developing countries are disproportionately affected by climate change, which has significant economic and social impacts due to climate-related events and disasters.

To limit future climate change impacts, all countries must transition to net-zero emissions by the middle of this century. At the same, developing countries are seeking to foster climate resilient development pathways, particularly the most vulnerable. This requires transformative approaches with large public investments and support to scale up renewable energy supply and efficiency, introducing infrastructure adaptation programs, and novel green industrial and services policies to drive growth, value addition, economic diversification and job creation.

The European Union Green Deal and the United States Inflation Reduction Act are examples of a new direction for the world’s largest economies, with a strong emphasis on industrial decarbonization to achieve Paris Agreement targets. Developing countries need to reflect on what type of industrial and trade policy and cooperation for climate action is available and would make sense for them in today’s context. What are some of the principles that all countries need to consider when designing trade-related climate policies to enable a just transition?

Climate action, industrial policy, and subsidies: Are we spending wisely?

Moderator and opening remarks

• Ms. Chantal Line Carpentier, Head of Trade, Environment and Sustainable Development Branch

Panelists

• Mr. Asad Naqvi, Head of the Economic and Trade Policy Unit, UNEP
• Ms. Ute Collier, Acting Director, Knowledge, Policy, and Finance Centre (KPFC), IRENA
• Ms. Carolyn Deree Birkbeck, Executive Director Forum on Trade, Environment & the SDGs (TESS)
• Mr. Dan Esty, Hillhouse Professor at Yale University Yale

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