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Trade Policy and Clean Energy Transition
This chapter examines the crucial link between global trade policies and the clean energy transition, highlighting the concept of 'climate clubs' and their potential to foster international cooperation on sustainability standards. It critiques existing trade frameworks, particularly the EU's border carbon adjustment mechanism, and calls for the WTO to implement standardized climate-related trade rules to ensure equity, especially for developing countries. The discussion emphasizes the need for reforms within the WTO to align trade practices with climate goals while addressing historical injustices and promoting sustainable development.