Ngozi Okonjo-Iweala says open trade is crucial for decarbonisation

LATER THIS month leaders and officials from around the world will gather in Dubai for the COP28 climate-change summit. High on their agenda will be closing the gap between global climate goals and progress towards them. A recent “global stocktake” report from the UN found that global greenhouse-gas emissions are still rising, and that national pledges to cut these collectively fall far short of what is needed to keep average global temperatures within 2°C of pre-industrial levels, as set out in the 2015 Paris agreement, let alone the more ambitious 1.5°C objective.