|Scooped by David Cooperrider & Chris Johnston|
“The world's biggest trading powers pledged on Friday to work toward a global agreement on free trade in environmental goods, but they gave no timeline for talks intended to support the fight against climate change.”
David Cooperrider & Chris Johnston's insight:
While it is so seemingly impossible to agree on anything related to climate change at political levels, we need to notice and learn from successes as the do take place. And this one is significant. The WTO estimates that the global market in green goods, technologies and services - ranging from solar panels to wind turbines and water recycling plants - at some $1.4 trillion. U.S. Trade Representative Michael Froman put the value at $1 trillion, noting that the signatories of the initiative jointly represented 86 percent of world trade. "We announce our commitment to achieve global free trade in environmental goods and pledge to work together, and with other WTO members similarly committed to liberalization, to begin preparing for negotiations in order to advance this shared goal," the statement said. "We are convinced that one of the most concrete, immediate contributions that the WTO and its members can make to protect our planet is to seek agreement to eliminate tariffs for goods that we all need to protect our environment and address climate change."