"#TradeGovernance for the #EnergyFuture" my new #PolicyBrief, explained in 3:
Why? https://econtwitter.net/@oliver_braunschweig/110305494167274417
What? https://econtwitter.net/@oliver_braunschweig/110305547526659676
How? https://econtwitter.net/@oliver_braunschweig/110305568022936353
Outlining 5 pillars for #InternationalCooperation to support global access to affordable, reliable, & #sustainable #energy.
Read the Full Brief here: https://www.cepweb.org/trade-governance-for-the-energy-future-five-key-pillars-for-international-cooperation/
→
How can
#GlobalCooperation contribute to building out the #GVCs for the #EnergyFuture?
A #roadmap with 5 pillars for this:
Monitoring #GVCs
Defining and Strengthening #Standards
Leveraging #Fiscal Policies
Averting #ExportRestrictions
Aligning #Finance
Monitoring of #GVCs is of the essence to enable more #cooperative decision-making. From geological availabilities, country-specific #risks for people & environment, to new #mineral uses & early #bottleneck warnings, e.g.:
https://doi.org/10.1038/d41586-019-00017-z
https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2023/02/working-paper-393_Miller-et-al.pdf
Defining and Strengthening technical, social, & environmental #Standards is key so that they mutually support each other: from
#DueDiligence (
#CSDDD) &
#Disclosures to #TechnicalStandards, e.g.:
https://www.wto.org/english/res_e/booksp_e/energyfuture2021_e.pdf
https://wedocs.unep.org/bitstream/handle/20.500.11822/36281/GITPF.pdf
To leverage #Fiscal Policies, international agreement on core principles needs to be advanced, e.g., on the role of #CarbonPricing & removing #FossilFuelSubsidies to increasing #FiscalSpace, f.ex. by implementing the OECD agreement on a global minimal corporate tax rate.
Averting #ExportRestrictions becomes crucial given current #geoeconomics and #RaceForGreenIndustries. They are often not WTO-conform & could lead to a vicious cycle of fear & retaliation.
Do: Increase #transparency & #predictability between and #diversity of trade partners.
Aligning #Finance is key for this. From #SustainabilityStandards in
#CapitalMarkets, bank & non-bank lending to
leveraging #PublicFinance, e.g.:
#TradeFinance & #CommodityTrading: https://www.publiceye.ch/fileadmin/doc/Rohstoffe/20200928_PublicEye_TradeFinanceDemystified_E.pdf
#ClimateFinance & #DebtRestructuring: https://justmoney.org/kevin-p-gallagher-no-time-for-another-lost-decade-why-debt-restructuring-must-be-linked-with-climate-and-development-goals/