The Environment and Trade Hub enables countries to use trade and investment as vehicles for achieving the 2030 Sustainable Development Agenda.
The 2030 Agenda recognizes international trade and investment as a vital means of implementation for the Sustainable Development Goals (SDGs). Additionally, the Paris Agreement calls for action to tackle climate change, which requires the accelerated diffusion of clean technologies. Yet, many countries lack the capacity to use trade and investment as vehicles for achieving sustainable development.
Launched in 2015, the Environment and Trade Hub serves as the overarching delivery mechanism for United Nations Environment Programme’s (UNEP) work on trade. Through research, capacity building and policy advisory services, the Hub provides tailored support to countries seeking to leverage trade and investment as vehicles for achieving the SDGs and their Paris Agreement commitments.
In promoting mutually supportive trade and environment policies, the Hub delivers its work across four key areas:
The Hub’s objectives are to:
Enhance the capacity of countries to design and implement trade policies that foster environmental sustainability and human well-being;
Assist countries in the realization of trade opportunities arising from a transition to greener economies;
Strengthen the sustainability aspects of cross-border trade and investment agreements in bilateral, plurilateral and multilateral negotiations;
Realize a shift of trade practices and trends to more sustainable patterns.
Why Does Trade Matter?
Trade plays an essential role in sustainable development and tackling climate change.
While trade can contribute to environmental challenges, it can be a principal driver of the transition to an inclusive green economy, help countries build economic and environmental resilience, foster climate action and promote the shift to more sustainable production and consumption.
In practical terms, trade offers opportunities for greening global supply chains, diffusing green technology and innovation, and re-allocating unevenly distributed natural resources in an efficient way across the globe. In the same vain, the shift to more sustainable patterns of production and consumption is expanding the market for environmental goods, services, and technologies, thus creating new trade opportunities.