India successfully led negotiations to include strong language against unilateral trade measures to combat climate change, such as the European Union's Carbon Border Adjustment Mechanism (CBAM), in the final Global Stocktake text of the 28th Conference of the Parties ( COP28). ) in Dubai.
The final text in paragraph 154 “recognises that the Parties should cooperate in promoting a supportive and open international economic system aimed at achieving sustainable economic growth and development in all countries and thus enabling them to tackle the challenges of climate change better, noting that the measures taken should not be a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade.”
Representing senior negotiators
First print: December 14, 2023 | 11:40 PM IST