37.4 billion metric tons was a record-breaking total for global energy-related carbon emissions in 2023. International trade was responsible for 20-30% of this total.
With a net zero state of greenhouse gas (GHG) emissions targeted for 2050, how do we tackle the link between global trade and climate change? Can trade make a U-turn to become a key factor in the push to net zero? Is near-shoring the answer? What can individuals do?
Action will be required from all global trade players with global coordination between governments crucial.
