The Perfect Storm: Trade, Finance and Climate in 2009


  • Programme 
  • Background Reading
  • Highlights 
  • Video
  • Participants
  • GPC Project

An examination of the climate-friendly changes needed in the World Trade Organisation, the World Bank and the International Monetary Fund to underpin an agreement at the Copenhagen Conference of the Parties (COP) in December 2009


In the next 18 months the world faces simultaneous challenges to the stability of the financial institutions and the maintenance of world trade. The Doha Round has collapsed. The credit crunch restricts flexibility. Oil and food prices create domestic political problems. All these factors make it more difficult to reach a climate agreement in Copenhagen.

For any Copenhagen agreement to operate effectively there will have to be changes to the way the World Trade Organisation (WTO), the World Bank (WB) and the International Monetary Fund (IMF) work. WTO changes will be needed on trade and environment and the transfer of green technologies. The WB and the IMF will need to make changes in the guidelines on lending to developing countries facing intense climate change.

Selected Presentations

Caroline Lucas, Member of the European Parliament

Text / Audio

Ditte Juul-Jørgensen, Head, Sustainable Development and SPS Issues Unit, DG TRADE, European Commission

Audio

Harris Gleckman, Principal, Benchmark Environmental Consulting / New York Representative, Institute for Environmental Security

Text / Audio

Trineesh Biswas, Adviser to the Chief Executive, International Center for Trade and Sustainable Development (ICTSD)

Audio

Benjamin Simmons, Legal Officer, Economics and Trade Branch, United Nations Environment Programme

Slides / Audio

Steen Gade, President, Globe-Europe / Chairman, Folketing’s Environment and Regional Planning Committee

Audio

The Seminar, organised by the Institute for Environmental Security and the Global Legislators Organisation for a Balanced Environment (GLOBE-EU) and (GLOBE-Europe) in partnership with the European Economic and Social Committee and EurActiv is part of the project "Global Policy Coherence 2009" (GPC). It looked for practical ways of managing the process between now and Copenhagen. The Seminar also seeked to identify the longer term changes needed in a world reorganised around the priorities of climate change.