Asia Pacific‘s leading platform for sustainable development
Opinion / 加拿大
By nature, the Nobel Peace Prize is controversial. This year is even more controversial as the most super power country blatantly condemned the Norwegian Nobel Committee for their selection.
Environmental conservation is among the most important, universally shared imperatives the world faces, and market access is one of the few carrots available in international politics. By linking tariffs to deforestation, the EU and others can create trade agreements that deliver more conservation and more gains from trade.
For the first time, a great power has moved to price transboundary climate-driven harms–massive wildfires–and extract compensation unilaterally. What was previously a development, insurance, or emissions-accounting issue is now a security and trade dispute between two G7 economies, setting a precedent that others may try to follow.
Instead of allowing external powers to dictate their development, China, India, Japan, South Korea, and Vietnam have balanced strategic international engagement with domestic capacity-building and decision-making. This model has become newly relevant for Canada, the United Kingdom, and other middle powers.
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