Climate and trade nexus in Africa
In the context of Africa's economic transformation and growth, the trade and climate change nexus in Africa outlines solutions for climate change adaptation and mitigation. In this sense, it explores how trade and climate policies connect with important outcomes, such as the continent's resilient and low-carbon economic growth.[1] Globally, trade is a major factor in GHG emissions. Trade-related greenhouse gas emissions are influenced by energy efficiency via the technique impact, greenhouse gas production intensity via the composition effect, and scale effect. Emissions related to international freight movement underpin each consequence.[2]
Climate discussions often focus on trade as a contributor to global warming. But with the right policies to encourage cleaner production and trade in climate-friendly goods and services, it can be part of the solution.[3]
In the climate–trade debate, moderate attention is dedicated to the role of trade agreements on climate. In turn, trade agreements could help countries meet climate goals by removing tariffs, harmonizing standards on environmental goods, and eliminating distorting subsidies on fossil fuels.[4]
African continental Free trade Area (AfCFTA) and climate change[edit]
The impacts of climate change, such as drought, flooding, extreme weather, and threats to humankind's basic needs like food, water, energy, and shelter, are most severe in developing countries. Africa has extensive knowledge about the effects of climate change.
African governments have been searching for trading partners outside of their own continent for many years. In 2016, intra-African exports made up only 18% of all exports, while intra-Asian and intra-European exports made up 59 and 69 percent of their respective total exports.[5] Due to its extensive reliance on foreign markets, namely China, the African continent is susceptible to the whims of distant leaders. This is especially true for the most fundamental requirements, like food.
The broad objectives of the African Continental free trade area as it stands now can contribute to increased climate change resilience in Africa's conflict areas.[5] First, the continuing AfCFTA negotiations seek to gradually reduce and eventually do away with import taxes and other non-tariff barriers. Prior to widespread social unrest and resource competition taking hold, less expensive trade and simpler customs will help ensure that essential resources reach crisis zones in times of need.
References[edit]
- ↑ Keane, Jodie; Mendez-Parra, Maximiliano; Pettinotti, Laetitia (2021-01-27). "The climate and trade nexus in Africa". ODI: Think change. Retrieved 2023-03-24.
- ↑ "The climate and trade nexus in Africa" (PDF).
- ↑ "The Trade and Climate Change Nexus". World Bank. Retrieved 2023-03-24.
- ↑ Balogh, Jeremiás Máté; Mizik, Tamás (September 2021). "Trade–Climate Nexus: A Systematic Review of the Literature". Economies. 9 (3): 99. doi:10.3390/economies9030099. ISSN 2227-7099.
- ↑ 5.0 5.1 "African Free Trade Could Increase Resilience to Climate Change and Conflict". New Security Beat. 2018-10-24. Retrieved 2023-03-24.
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