Launch Of Coalition Of Trade Ministers On Finance

On January 19, it was announced at the World Economic Forum Annual Meeting in Davos, Switzerland that the European Commission, EU member states and 26 partner countries would launch a "Coalition of Trade Ministers on Climate." According to the press release, the coalition, which is the first ministerial-level global forum, will "foster global action to promote trade policies that can help address climate change through local and global initiatives" and seek to "identify the ways in which trade policy can contribute to addressing climate change." Trade ministers will "provide political guidance and identify trade-related strategies to adapt to changing climate conditions and extreme weather," such as, for example, the production and promotion of climate-friendly technologies. EU trade commissioner Valdis Dombrovskis explained that the creation of the coalition was "just the beginning" of international cooperation among finance ministers and other stakeholders