Okonjo-Iweala calls for global carbon price, U.S.-EU-China cooperation
To avoid trade tensions and fragmentation, as well as to provide certainty for businesses, the international community should institute a global carbon price, World Trade Organization Director-General Ngozi Okonjo-Iweala said on Thursday, arguing that tackling climate change and other global issues will especially require the cooperation of the largest economies in the U.S., European Union and China. Many governments are attempting to decarbonize their economies and strengthen environmental regulations in an effort to slow the climate change crisis. Both the...