International trade has faced multiple shocks in recent years, making the need to reform the architecture of global trade more urgent than ever. Aligning new trade rules with global net-zero ambitions will be crucial to providing the necessary incentives for firms and economies to decarbonise. Many have already recognised the need to “green” trade. But how to do it?
The Lowy Institute’s Grace Stanhope and Robert Walker are joined by Ryan Mulholland, a senior fellow for international economic policy at the US-based Center for American Progress, to discuss what green trade is, how it fits into global decarbonisation efforts, and how governments could go about designing green trade agreements. They also discuss how major economies like the United States and China fit into a green trade future, where Australia might fit, and what it’s like being at the forefront of negotiations.
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Further reading:
See Ryan’s latest work on green trade here: https://www.inettt.org/news-blog/unilateralism-in-trade-calls-for-a-new-approach-to-build-a-green-future
Robert’s latest work on green trade and implications for Australia here: https://www.lowyinstitute.org/the-interpreter/green-trade-partnerships-will-make-or-break-australia-s-renewable-superpower
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