The Trade, Climate, and Development Triangle: A call to action

Europe Jacques Delors' panel on the nexus between Trade, Climate and Development was a great opportunity to discuss a Call to Action!

Main takeaways:

- Trade-related climate measures are crucial in accelerating climate change mitigation and adaptation. We must better take into account development considerations when designing and implementing these measures.

- We need to provide capacity building to developing countries most impacted by specific policies - such as CBAM - to build local capacity and green their industries.

- A nuanced approach based on countries historic contributions to climate change and technical and financial #capabilities is needed, based on the principle of Common but Differentiated Responsibilities and Respective Capabilities

- There is an urgent need for more climate finance! - An annual investment of $2.4 trillion is required by 2030 to address climate change mitigation in emerging markets and developing countries. This can only be a achieved with the restructure of the financial system as advocated by the Barbados-led Bridgetown initiative.

A special thanks to our panelists:

- Geneviève Pons – Director-General & Vice-President, Europe Jacques Delors
- Professor Avinash Persaud - Special Envoy to the Prime Minister of Barbados on Investment and Financial Services; Member of the Independent High-Level Expert Group on Climate Finance
- Allen Sophia Asiimwe– Deputy CEO & Chief of Programmes, TradeMark Africa
- Kurt Vandenberghe- Director-General DG CLIMA, European Commission

And our moderators: Pascal Lamy, Vice-President of Europe Jacques Delors, and Colette van der Ven, EJD Research Associate & Founder and director of Tulip Consulting.