A new multilateral green trade pact is the antidote to growing economic nationalism | Lowy Institute

A New Approach to Trade and Climate Change

A multilateral green trade pact is being proposed as a solution to growing economic nationalism.

Linking decarbonisation with trade policy could offer an alternative to rising protectionism, addressing pressing challenges like climate change through coordinated, multilateral efforts.

The idea is to create a pact that focuses on decarbonising heavy industries, promoting prosperity for working people, and providing a counterpoint to country-specific tariffs and unilateralism.

Linking decarbonisation with trade policy could offer an alternative to rising protectionism.

Author's summary: A multilateral green trade pact could counter economic nationalism.

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Lowy Institute Lowy Institute — 2025-10-18

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