This paper focuses on the recent trends of private and unilateral efforts to account for the carbon emissions of traded goods, with the objective of identifying possible risks and opportunities for Latin American and Caribbean exporters. It presents a description of the ongoing initiatives, standards and proposed legislation that are relevant to the discussion. It follows this by identifying the shortfalls and challenges of carbon footprinting, and the implications for Latin American and Caribbean export competitiveness. Finally it provides policy suggestions for the region, assuming the growi…
30 Nov 2001, 00:00 - 14 Oct 2025, 15:50
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Introduction Trade and development issues have been the focus of economists, policy makers and international organizations for decades. However, environmental concerns have only come to the fore within the last couple of decades largely as a result of the work of scientists on, for example, climate change and loss in biodiversity as well as the lobbying activities of environmental groups, such as Greenpeace. The linking of environment to trade only gained international prominence since the negotiations for the Canada-United States Free Trade Area in the 1980s. However, although enviro…
For small island developing States (SIDS), sustainable development is a delicate balance of pursuing economic growth, social development and environmental stewardship in the context of economic volatility, social challenges, climate change threats and global uncertainties while striving to build resilience. Recognized as a special case for development since the 1992 United Nations Conference on Environment and Development, SIDS remain highly vulnerable to external shocks due to their small economies, limited connectivity and reliance on external markets. Over the years, global frameworks such …