To kick off, Season 3 of Trade Knowledge Matters, Amar Breckenridge discusses with Prof. David Luke, LSE and Colette van der Ven, Tulip Consulting on the impact and aftermath of CoP28 conclusions on Sub-Sahara Africa. This episode delves into the intersection of trade, climate policies, and their impact on sub-Saharan African economies. COP28 progress, particularly in fossil fuel transition, is highlighted, but gaps persist in low carbon transitions and carbon trading.
Key Takeaways:
The interplay between trade and climate policies is complex and crucial.
COP28 exhibited progress in fossil fuel transition but lacked in low carbon transitions and carbon trading.
African economies need increased climate finance to bridge the gap for adaptation and loss and damage.
Unilateral trade measures pose challenges, requiring careful consideration to avoid adverse impacts.
A new trade deal for Africa should prioritize internal trade growth, sustainable sector investment, and integration of trade, environment, and development objectives.
Successful outcomes hinge on addressing negotiating capacity and administrative constraints.
Optimism exists for the future of African economies, requiring innovative approaches to policymaking and negotiation.
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