Trade-offs and Synergies: Assessing the Impact of Climate Change Policies on International Trade Patterns"
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International trade patterns are influenced by climate change policies, which can lead to both trade-offs and synergies. Martínez‐Martínez et al. (2023) highlights that international trade can serve as an adaptation mechanism to climate change, potentially reducing the number of undernourished people by mitigating regional climate impacts through trade. However, it also notes that trade integration must be carefully implemented to avoid exacerbating food insecurity in export-oriented regions. Halsnæs et al. (2023) provides evidence that climate change affects bilateral trade flows, with extreme weather events having a particularly negative impact on international compared to domestic trade.
Interestingly, while Martínez‐Martínez et al. (2023) emphasizes the adaptation benefits of trade, Chen and Woodland (2012) discusses the complex interactions between trade, environmental policies, and climate change, including the potential for trade to increase emissions and the pollution haven problem. Janssens et al. (2020) further explores the trade-offs associated with mitigation actions and sustainable development, indicating that the impacts of such policies on international trade patterns are context-specific and can have equity implications.
In summary, climate change policies interact with international trade in complex ways that can result in both synergies and trade-offs. While trade can be an adaptation tool to address climate impacts (Martínez‐Martínez et al., 2023), it can also be affected by climate-induced events (Halsnæs et al., 2023) and contribute to emissions (Chen & Woodland, 2012). Mitigation actions must be carefully designed to balance sustainability with trade (Janssens et al., 2020). Policymakers should consider these interactions to optimize the benefits of trade in the context of climate change and to minimize potential negative consequences.
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