UK Releases New Report on Using Free Market to Tackle Climate Change
The free market should be championed over “green protectionism” to combat climate change, a July 21 report from the United Kingdom's Board of Trade - Green Trade said. The report seeks to challenge the narrative that free trade is an…
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environmental threat by identifying multiple ways in which free markets can develop green technologies and facilitate the free flow of information, the U.K.'s Department for International Trade said in a news release. In particular, the U.K. trade agenda can “speed up the global green transition” by promoting green exports, reducing barriers to green trade and taking on environmentally harmful market distortions and attracting foreign investment for a green industrial base, the release said. “The UK is a leader in green exports and this report shows how free trade, free markets and free enterprise can be leveraged to counteract green protectionist policies that hold back the global transition to a low-carbon economy,” International Trade Secretary Liz Truss said.