The role of trade in combating climate change has gained prominence, as highlighted by recent COP events. The “Trade Day” at COP28 in Dubai last December marked the first time the conference dedicated an entire day to trade, with governments, businesses, and international organisations discussing how trade policy could be leveraged to decarbonise global supply chains, incentivise businesses to invest in a net-zero future, and embed environmentally responsible practices into trade finance.
Corporates want to know that if they sign up for a sustainable facility, they will be able to prove its value in hard numbers to anyone who comes asking
Natasha Condon, JPMorgan
In September, the upcoming COP29 further acknowledged the importance of trade with the announcement that the conference will include a dedicated space to explore how it can help address climate challenges.
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