Trade and Climate Change: State of Play

by | Jul 12, 2022 | NZIBF, Reports & Publications


TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022.

Download here.

Update: NZ-EU FTA

The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and climate change.

New Zealand and the EU are committed to “effectively implement the UNFCCC and the Paris Agreement, including commitments with regard to Nationally Determined Contributions.”  It should be noted that the contents of NDCs such as targets are not binding, so legally they are not ‘commitments’, and this language does not change their status.

A late addition by the EU creates a broad obligation “to refrain from any action or omission which materially defeats the object and purpose of the Paris Agreement.”

While in theory this could lead all the way to dispute settlement, it is better understood as political language, to reassure EU domestic interests that there is recourse against ‘free riding’ by a trading partner. It will work in the other direction too of course. The language is so vague it’s impossible to imagine it being invoked successfully except in a case of a flagrant breach of the Paris Agreement, affecting competition, such as the complete abandonment of domestic emissions reduction measures or carbon pricing.



Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

Latest News


Perhaps a cyclone was after all a fitting backdrop for the meeting of the APEC Business Advisory Council (ABAC) which was held in Auckland on 12-14 February – the global environment against which the meeting took place is decidedly stormy.  In the event the wind...


As I write this end of year dispatch, NZIBF is preparing to host the first meeting for 2023 of the APEC Business Advisory Council (ABAC).  We are looking forward to welcoming the 200 or so business leaders and senior officials from APEC member economies across the...

NZ Herald: Time to lift our game in India

Following his recent visit to India our Executive Director Stephen Jacobi penned this article advocating a more strategic approach to the further development of the relationship. The article was published by the NZ Herald on 9 December.

APEC Rolls out Priorities for 2023

Issued by the Informal Senior Officials’ Meeting - Honolulu, The United States, 13 December 2022 Aiming to provide tailwinds for member economies to strengthen recovery and resilience, as well as advance broad-based economic growth, the United States rolled out its...

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...


New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...