The UK today presented its plan for greater free trade in green technology ahead of the Cop26 climate conference in Glasgow later this year.
New Board of Trade report calls on UK to ‘encourage’ other countries to cut tariffs on green technology and use its diplomatic position to ‘encourage environmental action while considering proportionate use of politics commercial “.
The report will be presented tomorrow at the Board of Trade meeting in Glasgow, which will be hosted by International Trade Secretary Liz Truss.
Other members of the Board of Trade include former Australian Prime Minister Tony Abbott, former Labor Secretary for Health Patricia Hewitt and City of London Mayor William Russell.
The 52-page Green Report sets out the case for facilitating trade in green technologies, especially when it comes to dealing with developing countries, as a means of achieving global climate goals.
This is considered particularly important in the run-up to Cop26 later this year.
Boris Johnson has ambitions to strike a sweeping climate deal at the summit, having already signed a multibillion-dollar global green infrastructure fund at the G7 summit in Cornwall this summer.
A member of the Chamber of Commerce said City AM that the article “directly takes up the idea that growth and environmental protection are in competition”.
“It explains in detail why the best thing you can do if you want countries to embrace deforestation is to enrich them by trading with them,” they said.
He also argues that foreign investment in green energy in the UK will be necessary to achieve ‘UK’s green industrial revolution’ and the goal of being carbon neutral by 2050.
Boris Johnson’s ten-point climate plan plans to invest billions in renewable energy and green technologies to reduce the UK’s carbon footprint.
This includes plans to make the UK one of the world’s largest producers of wind power.
Truss said further trade liberalization will complement these goals.
“The UK is a leader in green exports and this report shows how free trade, free markets and free enterprise can be harnessed to counter green protectionist policies that are holding back the global transition to a low emission economy of carbon, ”she said.
“Free enterprise is key to recovering the UK from the coronavirus pandemic, tackling climate change and ensuring a stronger and freer business environment that directly supports jobs in the regions and the countries of the United Kingdom. “