In a wide-ranging discussion on international trade and climate policy, the dynamic between rich and developing economies is under sharp scrutiny. A leading voice in this debate is Rebeca Grynspan, the Secretary-General of UNCTAD, who spoke with the Financial Times to highlight how environmental strategies pursued by wealthier nations can energize their own industries while leaving developing economies at a distinct competitive disadvantage. The remarks come at a moment when global trade policy is tested by rapid technological change, evolving green subsidies, and new kinds of barriers in mature markets.
Grynspan pointed to current World Trade Organization rules as a barrier for many policy options that developing countries might wish to pursue to advance sustainable development, reduce emissions, and foster domestic innovation. She noted that advanced economies possess more room to subsidize