Trade demands clash with climate agenda at COP29 talks

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Trade demands clash with climate agenda at COP29 talks - Economic Times

Quick Summary:

Developing countries, including China and Brazil, are raising concerns at COP29 over trade barriers like the EU's carbon border levy, arguing they hinder their climate efforts.

These countries are already facing growing climate costs, plus a possible spike in the price of doing business abroad if President-elect Donald Trump imposes tariffs on U.S.imports.

But the countries that would get the money say their ability to invest in the green transition is being undermined by costly new climate-related trade policies imposed by the world's wealthiest economies.