Thursday, June 13, 2024

NZ, EU, Ecuador, Kenya unite for climate coalition

The Trade Ministers of the European Union, Ecuador, Kenya and New Zealand have agreed to work jointly to forge an inclusive Coalition of Trade Ministers on Climate.

In a statement, the Ministers said they want to enhance Ministerial-level dialogue so that trade and trade policies can support the Paris climate goals, sustainable development, environmental sustainability and a just transition.

“We know what challenges lie ahead from climate change; we know what we need to do; we know what we can do through trade policy; and we have the tools to do the job,” said Minister for Trade and Export Growth, Damien O’ Connor.

“We now have the platform to mobilise our common will to fix the problem and to cooperate to pull the many threads of action together in a coherent and effective way.

“The Climate Coalition is a timely and critical initiative that brings Ministers together to provide high level political direction to support technical work at the WTO, and to ensure that actions in the WTO, APEC, G20, G7 and other forums are pulling in the right direction, that there are no gaps in critical areas, and resources are directed to the right priorities and not wasted,” he said.

European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovski said he was proud to be working together with the Ministers on the inclusive platform to strengthen collaboration on trade and climate and environmental sustainability.

“Fighting climate change is an EU priority. We know that trade plays an important role in tackling this generational challenge, which is why our new EU trade strategy is the greenest ever. But climate change is a global problem and only by working together we can find truly global solutions,” he said.

“This Coalition will build a joint action to tackle the climate crisis in a fair manner through trade policy.”

Vice Minister of Foreign Trade of Ecuador, Daniel Legarda said tackling pressing environmental challenges was not only ethical and the right thing to do, it was also economically sound.

“Climate change, along with pollution and biodiversity loss require a collective and coordinated global response, including on trade dimensions. We are delighted to be working with the European Union, Kenya and New Zealand on a shared vision of forging an inclusive and high – level dialogue on trade and climate and its contribution to sustainable development,” he said.

“As we build cooperation on trade and trade policies that support ambitious climate action – inclusiveness, leadership and trust at the highest-level will be vital to a just transition.”

Kenya’s Cabinet Secretary for Industrialization, Trade and Enterprise Development, Betty Maina, said climate change was one of the triple planetary environmental crises affecting the globe.

“…and therefore, the Coalition of Trade Ministers on Climate will work extensively to provide a unique platform for top-level engagement on the trade and climate nexus,” she said.

“Trade should not only empower and improve the livelihoods of communities but should also serve as a catalyst for climate solutions by transitioning to more circular economy-driven development.

“Kenya, like many countries, has been adversely affected by climate change and has taken bold steps to adapt and mitigate the impact. We are therefore taking another timely and critical step to work together with like-minded countries to fulfill the shared global responsibility of ensuring that trade and trade policy play their expected role in mitigating the adverse effects of climate change, in recognition of our joint commitment to implement the promises we made in the Cop 26 Glasgow Climate Pact,” said Ms Maina.

The co-leads will meet in July to decide on the next steps for the creation of the new coalition, with an inaugural meeting planned for early next year.

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