THE COALITION OF TRADE MINISTERS ON CLIMATE

Trade ministers from all over the world have launched the Coalition of Trade Ministers on Climate at the World Economic Forum’s Annual Meeting 2023 held in Davos, Switzerland to promote trade and investment that fosters the diffusion, development, accessibility and uptake of goods, services and technologies that support climate change mitigation and adaptation.

The ministers will;

Recognize the escalating pace and devastating impact of the climate crisis on our economies, societies, and environments; 

 

Emphasize the urgent need for climate change mitigation and adaptation in line with the UNFCCC, the Paris Agreement, and the Sustainable Development Goals;

 

Underlie the need for inclusive international cooperation that includes a diversity of countries from different regions at different levels of development, climate vulnerabilities, and trade circumstances; 

 

Reiterate the importance of a supportive, coherent, and open international economic system that enables fair pathways towards climate-resilient sustainable development;

 

Acknowledge the nexus of trade, climate change, and sustainable development and that international trade can and must make a positive contribution to driving down greenhouse gas emissions, enabling a just transition to climate neutral, resilient and sustainable economies by mid-century; 

 

Acknowledge in that regard ongoing work at the WTO, including discussions taking place under the Committee on Trade and Environment, Trade and Environmental Sustainability Structured Discussions, Dialogue on Plastics Pollution, and Fossil Fuel Subsidy Reform initiative, as well as work in other groupings and regional fora;

 

Noting their unique position as Trade Ministers to drive this contribution and the need for high-level political dialogue,

 

Establish a Coalition of Trade Ministers on Climate that will be guided by and will work to support the following principles:

​

• Cooperation in contribution to the global response to climate change, including by engaging nationally and internationally with fellow ministers working on climate, environment, finance, and development, among others.  
• Inclusivity in the engagement of Ministers and relevant stakeholders from different regions and at different levels of development and climate vulnerabilities.
• Leadership in providing high-level political direction and guidance to bolster inclusive cooperation on the nexus of climate, trade, and sustainable development.
• Transparency for effective climate action built on trust and international cooperation.

​

Ministers will prioritize the following:

​

1. Foster international cooperation and collective action to promote trade and trade policies that pursue climate action across the WTO and relevant multilateral, plurilateral, regional and sectoral initiatives.
2. Identify ways to ensure the multilateral trading system contributes to the global response to climate change and promotes a positive contribution to the climate agenda, including through focused attention across sectors on the nexus between climate and trade.
3. Promote trade and investment that foster the diffusion, development, accessibility and uptake of goods, services and technologies that support climate mitigation and adaptation in both developed and developing countries.
4. Identify trade-related strategies supportive of the most vulnerable developing and least developed countries.
5. Build alliances and partnerships with climate and finance communities and relevant stakeholders to foster climate action, transitions, and climate-resilient development on the ground.

​

​The Coalition will develop concrete actions to advance these important priorities.