The Trade and Climate Change Nexus

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ENV IR ONMENTAL POLIC IES AND TR ADE

standards. The Greenhouse Gas Protocol has also produced a standard for scope 3 emissions accounting (Greenhouse Gas Protocol 2011) and a free, web-based tool—Scope 3 Evaluator—that allows users to make an initial, rough approximation of their full scope 3 footprint, regardless of the size or type of organization (https://ghgprotocol.org​ /scope-3-evaluator). 20. Danone provides a case study of the application of the Value Change approach. Danone’s supply chain is complex and global. For example, milk is sourced directly from more than 100,000 suppliers, many of whom are small farmers. The company developed a framework of representative farms across the globe that are monitored daily and extrapolates data from these farms to similar ones to estimate emissions from its global activity. The data are analyzed to identify which farming practices drive the most improvement in soil carbon sequestration. The issue of soil carbon sequestration is a hot topic in the carbon-footprinting environment. Danone would like to get credit for savings in soil sequestration, but this is not possible under current standards, including those of the Greenhouse Gas Protocol (Plassmann and Norton 2017). 21. Originally, the baseline for emissions reductions was to be the average of emissions over 2019 and 2020. However, with COVID-19 drastically reducing air traffic and emissions in 2020, the impact on the CORSIA baseline would have been substantial. Recognizing this, the ICAO Council decided to use the value of 2019 emissions to avoid placing a higher economic burden on the aviation industry (ICAO 2020). 22. Airlines will only offset CO2 emissions above their 2019 level; they will not address any other global warming impacts of aviation, such as emissions of nitrogen oxide and water vapor. There is considerable uncertainty about the importance of these other impacts, yet many observers believe that the global warming impact of aviation is twice the impact of its CO2 emissions alone. 23. According to Kusova and Dufour (2019), the following African countries intend to participate: Burkina Faso, Cameroon, the Democratic Republic of Congo, Equatorial Guinea, Gabon, Ghana, Kenya, Namibia, Nigeria, Uganda, and Zambia. 24. An official UK estimate suggests that additional paperwork leading to border delays because of Brexit could result in 142,000 tons of food being wasted in the first six months of 2021 (Stone 2021).

References Arroyo-Currás Tabaré, Nico Bauer, Elmar Kriegler, Valeria Jana Schwanitz, Gunnar Luderer, Tino Aboumahboub, Anastasis Giannousakis, and Jérôme Hilaire. 2015. “Carbon Leakage in a Fragmented Climate Regime: The Dynamic Response of Global Energy Markets.” Technological Forecasting and Social Change 90 (A): 192–203. https://doi.org/10.1016/j​ .techfore.2013.10.002. Brenton, Paul, Gareth Edwards-Jones, and Michael Friis Jensen. 2009. “Carbon Labeling and Low-Income Country Exports: A Review of the Development Issues.” Development Policy Review 27 (3): 243–67. Brenton, Paul, Gareth Edwards-Jones, and Michael Friis Jensen. 2010. Carbon Footprints and Food Systems: Do Current Accounting Methodologies Disadvantage Developing Countries? World Bank Study. Washington, DC: World Bank. https://openknowledge. worldbank.org/handle/10986/2506. Chepeliev, Maksym, Maryla Maliszewska, Israel Osorio-Rodarte, Maria Filipa Seara e Pereira, and Dominique van der Mensbrugghe. 2021. “Pandemics, Climate Mitigation, and Re-Shoring: Impacts of a Changing Global Economy on Trade, Incomes, and Poverty.” Policy Research Working Paper, World Bank, Washington, DC, forthcoming.

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Notes

2min
page 123

References

2min
pages 124-127

Ethiopia

9min
pages 119-122

Vietnam

8min
pages 115-118

References

5min
pages 111-114

Greening transport: Implications for low-income-country exports

5min
pages 104-105

Gigaton

5min
pages 102-103

Contributions, by Sector and Region

4min
pages 97-98

Carbon Border Adjustments

5min
pages 95-96

The Carbon Border Adjustment Mechanism and low-income-country trade

12min
pages 89-93

References

3min
pages 87-88

Trade in environmental goods

17min
pages 77-83

4.1 GATS Commitments for Environmental Services, by Supply Mode

2min
page 84

References

4min
pages 72-74

Notes

2min
page 71

Trade Restrictions

3min
page 65

Examining agriculture as one of the main trade-related sectors affecting emissions from the developing world

14min
pages 41-46

Extreme weather events and trade

5min
pages 62-63

Selected Countries and Regions, 2019

4min
pages 60-61

1.1 Links between Climate Change and Trade

2min
page 26

The impact of a changing climate on comparative advantages

11min
pages 55-59

Conclusions

1min
page 47

Disaster response and trade restrictions: Implications from a numerical model

2min
page 64

1 Changes in Annual CO2 Emissions and GDP of the 59 Emerging Emitters 2010–18 10

3min
page 24
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