Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience
Date
2020Author
United Nations Environment Programme
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RT Generic T1 Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience A1 United Nations Environment Programme YR 2020 LK https://wedocs.unep.org/20.500.11822/32204 PB AB TY - GEN T1 - Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience AU - United Nations Environment Programme Y1 - 2020 UR - https://wedocs.unep.org/20.500.11822/32204 PB - AB - @misc{20.500.11822_32204 author = {United Nations Environment Programme}, title = {Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience}, year = {2020}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/32204} } @misc{20.500.11822_32204 author = {United Nations Environment Programme}, title = {Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience}, year = {2020}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/32204} } TY - GEN T1 - Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/32204 PB - AB -View/Open
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Aid for Trade (Aft) is a mechanism to support developing countries build the capacity and infrastructure needed to benefit from trade opening. It accounts for roughly 30% of Overseas Development Assistance (ODA). Developing countries face the challenge of “double exposure” to economic and environmental risks, such as commodity price volatility, climate change and desertification. This demonstrates the importance of integrative policy-making for development, as enshrined in the Sustainable Development Goals (SDGs). While some AfT programs contain explicit environmental objectives, a coherent framework to mainstream environment into all AfT projects and programs is required to enhance resilience and better enable countries to seize sustainable trade opportunities. This is essential to promote a ‘green’ post-COVID recovery and effectively support sustainable development, in line with countries’ commitments under the SDGs. UNEP is working with its partners, including the WTO, to advance the discussion on mainstreaming environment in AfT and accelerate action on making trade work better for people and the planet.
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