WTO Report Says Trade Aid Could Broaden Opportunities in Energy Transition

July 5, 2024 08:05:00

The World Trade Organization Secretariat report has revealed that trade aid will be vital to broadening opportunities in the global transition to green energy. Launched late last month at the Global Review of Aid for Trade, the report noted that least-developed countries (LDCs) as well as developing economies have access to significant trade opportunities as the world transitions to renewables. It also outlined the role finance will play in helping such nations leverage available trade opportunities in the clean-energy-related product and service value chain.

The “Aid for Trade in Action: Supporting the Transition to Clean Energy” report acknowledged that countries are adopting clean energy at accelerating rates, bringing the share of global electricity produced by solar, wind, hydrogen, nuclear and hydropower now generated to nearly…

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