The World Trade Organization (WTO) has announced the establishment of a global task force focused on carbon pricing.

This initiative, spearheaded by WTO Director-General Ngozi Okonjo-Iweala, aims to address the critical issue of carbon emissions and their impact on global trade.

Carbon pricing has emerged as a crucial tool in reducing greenhouse gas emissions and transitioning to a low-carbon economy.

The newly formed task force will bring together experts, policymakers, and stakeholders from around the world to explore, develop, and implement effective carbon pricing mechanisms on a global scale.

One of the primary objectives of this task force is to assess the feasibility and implications of implementing carbon pricing in international trade agreements.

This development marks a significant step in aligning trade policies with climate goals, as nations strive to meet their emissions reduction targets under the Paris Agreement.