Green trade plays a pivotal role in the fight against climate change by aligning economic activities with environmental sustainability. Its importance cannot be overemphasized as it can reshape economic systems, fostering a global environment where prosperity is achieved hand in hand with environmental responsibility, and eventually contributing to the mitigation of climate change.
It drives innovation in clean technologies and promotes the transfer of sustainable practices across borders. This exchange of knowledge and technologies helps developing nations advance to more environmentally friendly production methods.
At a COP28 side event held at Trade House, the Hon. Minister, Rohey John Manjang at the Ministry of Environment, Climate Change and Natural Resources along with other world leaders, participated in a panel discussion on the theme "Shaping Ministerial Leadership and Collective Action for Trade and Climate Change"
In her response to the question ‘’Gambia's perspective on the relationship between climate change and green trade’’, Hon. Minister stated that Gambia, like many nations, recognizes the intricate link between climate change and green trade, as a country vulnerable to the impacts of climate change, Gambia emphasizes sustainable trade practices to mitigate environmental degradation and promote resilience.
‘’Our National Development Plan 2023-2027 is a green recovery focus which is to make sure that every strategy and plan of the country is climate-friendly.’’ She said She continued that the country seeks to integrate green principles into trade policies, aiming for a harmonious balance between commerce and environmental stewardship.
‘’Through this perspective, Gambia aspires to contribute to global efforts in addressing climate change while promoting a resilient and eco-friendly economy.’’ She added.
Hon. Minister informed that the Ministry of Trade is fully informed and aware of the need to incorporate climate change into the trade policy, and now they are collaboratively working towards achieving that.
Incorporating green principles into trade policies facilitates a comprehensive approach to addressing climate change. This integration ensures that economic development aligns with environmental goals, creating a framework for sustainable, long-term growth.