It shows that trade intersects with climate change in a multitude of ways for example governments may introduce a variety of policies such as regulatory measures and economic incentives to address climate change this complex web of measures may have an impact on international trade and the multilateral trading system. Climate change remains a global challenge requiring international collaborative action another area where countries have successfully committed to a long term multilateral resolution is the liberalization of international trade. International trade and climate change global trade is typically tracked based on a unique harmonized commodity description and coding system harmonized system or hs for each commodity the. He eu has been a pioneer in global efforts to combat climate change through its decision to use a cap and trade system with the aim of reducing greenhouse gas ghg emissions by 20 by 2020 this target could reach as high as 30 depending on other countries commitments. Bidens view of climate change as a global challenge that requires international cooperation is likely to mean a wholesale reversal from trumps four years of climate policy experts say biden has
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