To achieve global climate goals and build a more resilient economy, the rules and institutions
of global economic governance must align around a green transition.
● This report describes a package of 11 ideas for reforms across the global trade and
investment regimes, broadly understood, that can remove barriers to, and create drivers for,
climate action. Some are mature efforts already in progress; others are new areas of work
that require more research and strategizing.
● The package elements fall into three categories: steps that can be taken within existing
structures, options that pioneering governments can advance unilaterally or in small groups,
and broader reforms of governance arrangements.
● This package of ideas is not exhaustive. Many other potential avenues and proposals are
being explored elsewhere in scholarly and policy debate. Some proposals are not mentioned
here as they already attract considerable attention and focus from a diversity of stakeholders
and some governments.
● Whilst ensuring that economic responses to COVID-19 are climate friendly remains of
immediate and paramount importance, we must not lose sight of the direction of travel
needed over a more extended time horizon. With this in mind, these reforms target outcomes
that could feasibly be delivered over the next 12-36 months.

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