The World Trade Organization, The World Bank Group, And The World Economic Forum Have Announced The Start Of “Action On Climate And Trade.

” In A Statement, WTO Stated That The Objective Of The Initiative Was To Help Developing Economies, Particularly The Less Developed Countries, Use Trade As A Tool To Achieve Their Climate Change Mitigation And Adaptation Targets.

It Noted That The Act Will Provide Tailored Insights To Participating Developing Economies So That They Can Plan For The Impacts Of Climate Change On Trade, Leverage Opportunities For Climate Action And Trade Growth, And Define Areas Of Collaboration With Trade Partners.