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10-Mar-1957
United Kingdom
Trade policy can be a tool for change and progress.
Barry Gardiner
After years of globalisation, disaffected populations have lost confidence that the system is fair.
We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.
Making the most of global trade opportunities does not mean transitioning to a low-tax, deregulatory, 'Bargain Basement' economy. It means developing a robust Industrial Strategy intertwined with a strong trade agenda.
GDP has been a con perpetrated upon the poor of the world: a measure of economic activity and not of actual wealth. What it masks is the way in which we transform their natural capital into our consumption through international rules that regard the ecosystem services upon which they rely as mere externalities.
We all know the principle that the polluter pays? Well one day I got to wondering why it is that the polluter seems to get away with it quite so often! Then it occurred to me that if the polluter is going to pay, somebody needs to tell him how much. The proper valuation of natural capital will enable us to say how much.
The media when it focuses on climate change at all, does so in terms of carbon emissions and how to reduce them. Only rarely do our leaders advance arguments about adapting our environment and our economy to the effects of climate change that are already inevitable.
Adaptation is the forgotten word of climate change.
Whilst the developed world may say it wants to see much greater commitment to reduce greenhouse gas emissions, this may only be politically feasible if there is strong support for adaptation measures in those countries at greatest immediate risk.