A little more than half (51%) of Aid for Trade commitments now include climate-related objectives, with climate mitigation currently attracting more financing than adaptation activities. Responses to the 2022 joint OECD-WTO monitoring & evaluation exercise reveal that environmental issues are increasingly referenced in the national development and trade strategies of developing countries and Least Developed Countries (LDCs).

At the same time, developing countries and LDCs continue to face unmet financing needs that hinders their ability to adapt to climate change effects. Pledges made at the, Glasgow Climate Conference, held in November 2021, should help address this issue. As per OECD estimates, climate finance mobilized currently falls short of the USD 100 billion pledged annually for climate change adaptation and mitigation measures in poorer nations.

This plenary session discusses the role of the Aid for Trade initiative in support for an equitable transition to low carbon growth. The session will tap the expertise and practical insights of experts engaged in transition activities and perspectives from financing partners. The session will examine how the Aid for trade Initiative that aims to help develop critical trade infrastructure, while supporting resilient, climate friendly and inclusive trade outcomes.

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