World Trade Organization – Working Together for Better Climate Action

The "Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals" report, jointly released by the World Trade Organization, OECD, International Monetary Fund, and United Nations in October 2024, outlines coordinated approaches to climate action and carbon pricing. This landmark report explores pathways for harmonizing climate policies, addressing cross-border effects of mitigation strategies, and achieving global climate objectives. It emphasizes the importance of international cooperation in implementing effective carbon pricing mechanisms and mitigating policy spillovers that could impact trade and economic stability. The study also provides concrete ideas to ensure climate policies benefit lower-income economies, helping them accelerate development, create jobs, and participate in global value chains.