COP28 side event | Enabling a “green seize” of new trade opportunities for LDCs: learning from the Covid-19 response to address the climate emergency
Date
Time (GMT +00)
11:00 12:00
Description
The Least Developed Countries (LDCs) account for less than 1% of global exports but almost 15% of global population. The Sustainable Development Goals included a goal to double their share in world exports by 2020, but this target was not met.
Given the urgent need to confront the climate emergency between now and 2030, a number of new green trade measures will shape low-carbon global supply chains; resilience building within supply chains is also determining new trade opportunities.
There are many lessons that can be drawn from the Covid-19 experience to ensure gainful LDC participation within green resilient supply chains – this includes ensuring open markets, facilitating technology transfers, and supporting engagement with the private sector.
This session will therefore focus on the role of the multilateral trading system in supporting LDCs to engage with the new trade opportunities arising from shift to low carbon supply chains - shifting the dynamics away from a potential “green squeeze” to a “green seize” of new market opportunities for LDCs.
**This event forms part of the Trade House Pavilion at COP28 - a dedicated space to spark discussions and solutions on how trade can help drive climate and sustainable development actions. For the first time, trade is featured as a specific theme at the conference, as part of the United Arab Emirates’ COP28 Presidency Programme. For further information, visit the Trade House Pavilion page.
Speakers
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Mr Jean-Marie Paugam (Opening Remarks)
@Paugam_CommerceDeputy Director-General, World Trade Organization (WTO)
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Mr Tom Mitchell (Moderator)
CEO, International Institute for Environment and Development (IIED)
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H.E. Rabab Fatima
@UNHighRepHigh Representative Office of the High Representative for the Least Developed
Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) -
Hon. Rohey John Manjang
Minister of Environment, Climate Change and Natural Resources, The Gambia
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