The importance of trade and technology in reducing carbon emissions

Access to technologies and political will would help lower carbon emissions in India (photo: dpa)
Access to technologies and political will would help lower carbon emissions in India (photo: dpa)

Emerging economies are frequently criticised for developing their economies at the expense of the environment. But figures show that if they adopted a free trade regime they could access the same state-of-the-art technologies as the developed world. This move would reduce their carbon emissions dramatically.

AS ECONOMIES around the world reform and become more competitive, energy efficiency improves and carbon intensity (metric tons of carbon per US$1,000 GDP) falls.

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That has been the trend, shown by the World Bank’s development indicators, irrespective of whether carbon emissions are responsible for global warming.

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