This 'moment of opportunity': a new rulebook for pragmatic cooperation around clean trade and industrial policy

Trade tensions and declining compliance with trade rules are likely to further fragment an already strained trade system, frustrate international climate cooperation, and stymie clean energy investment into new markets if left unaddressed. The authors of this commentary propose a modernised rulebook in response to the UN Secretary-General’s calls to ‘supercharge the new energy era’ through climate-aligned trade and industrial policy and explain how Europe can lead on implementation.