Climate, Trade, and Equity: Considerations and Options Discussion Paper
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Some policies countries employed to advance climate and related economic objectives have cross-border effects with the potential to raise equity-related concerns, particularly when they are viewed as disproportionately impacting developing countries. Such trade-related climate measures (TRCMs) include border carbon adjustments, green subsidies, and green product standards. Many of the equity-related concerns arising center on the degree to which a given policy takes into account or provides flexibility for different national circumstances, poses undue technical or cost burdens, or reflects meaningful consultations with affected countries.
This discussion paper seeks to inform discussion of equity-related considerations arising at the intersection of climate and trade by:
recapping relevant principles and practices in the international climate and trade regimes
outlining preliminary ideas for concrete measures that could be built into or undertaken in concert with TRCMs to help address equity-related concerns.
