A New Multilateral Green Trade Pact
Linking decarbonisation with trade policy could offer an alternative to rising protectionism.
Pressing challenges like climate change require a coordinated, multilateral response, as does the trend of economic nationalism spreading around the world.
A multilateral green trade pact focused on decarbonising heavy industries and bringing prosperity to working people would provide an important counterpoint to the Trump administration’s country-specific tariffs and unilateralism.
It would demonstrate that a renewed commitment to international cooperation can align climate, trade, and industrial policy to meet the challenges of the 21st century.
Such an arrangement would require bold creativity and innovative new systems.
Author's summary: A new green trade pact offers an alternative to economic nationalism.