Trade can benefit climate action, says this major report

Dec 6, 2022

This image shows a parched landscape as the World Trade Report 2022 explores the link between climate action and trade

The World Trade Report 2022 explores the link between climate action and trade Image: Photo by Oleksandr Sushko on Unsplash

Jose-Antonio Monteiro

Research Economist, World Trade Organization

Ankai Xu

Research Economist, World Trade Organization

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Figure 1: The price of renewables has plunged in the last decade Image: WTO (2022), based on Lazard's Levelized Cost of Energy Analysis (2021)

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World Trade Report 2022 climate change trade cost

Figure 2: Countries more exposed to climate change tend to face higher trade costs Image: WTO (2022), based on ND-GAIN Climate Vulnerability Index and WTO Trade Cost Index for 2017

World Trade Report 2022 agreements climate change

Figure 3: Trade agreements are increasingly addressing climate change Image: WTO (2022), based on Monteiro (2022)

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