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COP28 in the UAE: Major trade bodies to host ‘Trade House Pavilion’ in Dubai – News

Conference that will bring together experts and climate policy makers for the first time at a UN climate conference

The Expo taxi will transport visitors around Expo City Dubai. Photo by Neeraj Murali

Published: Sunday, October 29, 2023, 2:19 p.m.

The world’s leading trade bodies, the United Nations Conference on Trade and Development (UNCTAD), the World Trade Organization (WTO), the International Chamber of Commerce (ICC) and the International Trade Center (ITC) will host the “ Pavilion of the House of Commerce. ” at the 28th United Nations Climate Change Conference (COP28) in Dubai, which brought together policymakers and trade and climate experts for the first time at a United Nations climate conference.

The 28th edition of the United Nations Climate Change Conference (COP28) will be held in Expo City, Dubai, from November 30 to December 12.

For the first time, trade has been highlighted as a specific topic at the UN conference, with trade-related emissions contributing to around a quarter of all carbon dioxide emissions globally. Climate-related measures, such as industrial policies, carbon pricing and related border adjustments, are increasingly affecting trade and investment, with serious potential impacts on development.

“We want to show that trade is part of the solution to the climate crisis… We will put on the table a menu of trade policy actions that could help countries reach net zero,” said Ngozi Okonjo-Iweala, director general of the WTO.

“Climate and trade policies must work together. As the world faces the devastating effects of global warming, it is time for trade to play its role in shaping climate action that fosters inclusive and sustainable development,” said Rebeca Grynspan, Secretary-General of UNCTAD.

The pavilion will feature expert panel discussions on topics such as ensuring a just energy transition from a development perspective, South-South trade in environmentally preferable goods and services, and trade-related measures to advance the implementation of Globally Determined Contributions. national.

Panelists will also discuss the role of plastic substitutes, sustainable investment, finance and the blue economy in supporting the just transition.

Pamela Coke-Hamilton, chief executive of the International Trade Centre, said a low-carbon transition must be fair and inclusive, with small businesses driving the change, especially those run by women, youth, indigenous people and members of marginalized groups.

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