Why is Climate-friendly Trade the need of the hour?

August 26, 2021 02:41 AM PDT | By Team Kalkine Media
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*World-wide, numerous climate change policies are made. The public forums are discussing the issue quite affirmatively. However, the main issue is with its implementation. 

*Intergovernmental Panel on Climate Change’s report showed that humans have tremendously impacted Earth’s climate. 

*Trade-climate readiness basically means more sustainable ways of producti on are to be adopted as soon as possible.

*Firstly, green transformation employs huge amounts of funds initially. And developing countries have limited funds. Under the Paris Agreement, developed countries are supposed to mobilise USD 50 billion annually to finance developing countries’ climate change adaptation.

*Secondly, and most importantly, global cooperation is a must if we, as a society want to win the battle against climate change.


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