UN Calls for Stronger Trade Cooperation to Accelerate Global Climate Action
News originally published by
MENAFNClimate-related threats and their economic consequences continue to intensify as the world remains on track to surpass the Paris Agreement's 1.5C warming limit, according to the November 2026 Global Trade Update issued by UN Trade and Development (UNCTAD).
International trade in essential climate mitigation technologies recorded significant growth during the first half of 2026. Battery trade increased by 29%, while electric vehicle trade expanded by 11%.
Exports of products linked to solar and wind energy supply chains also exceeded $1.8 trillion worldwide, recording stronger growth than traditional manufacturing industries.
Despite this momentum, UNCTAD cautioned that insufficient cooperation on trade-related climate measures could carry substantial economic consequences. Under a scenario involving global warming of 3C, worldwide gross domestic product could decline by 10%.
The organization also highlighted a gap between the expansion of environmentally focused trade and the development of coordinated policies. Only 7% of climate-related provisions included in recent trade agreements specifically address reducing tariff and non-tariff restrictions on green technologies.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
