Recent climate progress arguably owes more to industrial competition than to the 2022 United Nations Climate Change Conference (COP27) climate summit. [5] If successful, it could become the focal point for international cooperation on climate, trade, and development issues. As one of the authors has suggested,[6] the goal of a climate club would be to advance consensus across a wide range of climate, trade, and development policies. Such investments would abrogate the need for export controls on raw materials, which would fragment markets and create more green trade friction. [7] Tom Moerenhout and Kevin Brunelli, “Q&A | How Critical Minerals Fit into Bidenomics,” Center on Global Energy Policy, Columbia University, September 21, 2023, https://www.energypolicy.columbia.edu/qa-how-critical-minerals-fit-into-bidenomics/.

Source: New York Times November 15, 2023 20:02 UTC