INDIA NEED TO ADDRESS MISCONCEPTION ON TRADE'S CARBON EMISSIONS: GTRI

On December 4, United Nations climate change conference COP28 in Dubai is dedicating a day to explore the relationship between global trade and climate change.

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The World Trade Organization (WTO) is the co-lead of the Trade Day event. The primary goal is to nudge governments worldwide to integrate climate-friendly measures into their national trade policies, the Global Trade Research Initiative (GTRI) said in its report. Other potential topics of discussions include green trade policies, the role of renewable energy in trade, and carbon pricing strategies, it added.

“India must highlight the misconception that trade significantly contributes to global emissions. It must be corrected as trade-related activities account for only about 3 per cent of global greenhouse gas emissions, not the often-cited 25 per cent,” the report said.