Container ship and car ferry navigate the Kiel Canal alongside vast solar panel fields and wind turbines, set against a backdrop of forest.

22 June 2026

Remaking Global Trade Governance: Trade, Climate and Global Cooperation in a Fragmenting World

During London Climate Action Week 2026, ODI Global, the Remaking Trade Project, the African Future Policies Hub, Forum on Trade, Environment, & the SDGs (TESS) and the LSE Firoz Lalji Institute for Africa are co-hosting a high-level conversation bringing together policymakers, trade experts, academics and private sector representatives to explore how global trade governance must evolve to remain inclusive, sustainable and equitable in a multipolar world.

Agenda and Session Objectives

Welcoming and Opening Remarks

Session I: Trade, Climate and Security in a Multipolar World

Climate change, economic security and trade policy are becoming increasingly intertwined. Governments are challenging established trade norms in pursuit of strategic autonomy, green industrialisation and control over critical minerals and clean technologies. Alongside, there is growing  recognition among a diversity of governments on the importance of trade strategies for achieving their climate goals, including enhanced cooperation on trade and trade policies as key to driving action on climate mitigation, adaptation and climate-resilient development.

 This session will examine:

  • What rising fragmentation means for climate action, sustainable development and the global trading system
  • The implications of trade-related climate measures for developing countries and how trade-related cooperation on climate can be enhanced
  • Prospects for WTO reform and attention to sustainability priorities in a shifting geopolitical landscape
  • The growing role of regional and plurilateral trade initiatives as laboratories for cooperation on climate and trade

Session II: Border Carbon Adjustment Mechanisms – Balancing Climate Ambition and Development

With the European Union’s Carbon Border Adjustment Mechanism (CBAM) entering full implementation in 2026 and the UK’s CBAM due to become operational in 2027, border carbon measures are rapidly reshaping global trade.

While designed to prevent carbon leakage and support decarbonisation, CBAMs have been criticised as potentially protectionist and risk imposing new burdens on developing country exporters.

This session will explore:

  • How the UK can design and implement its CBAM in a way that supports development alongside climate ambition
  • How developing countries can navigate and respond to the rise of sustainability-linked trade measures
  • Strategies to mitigate the risks of regulatory fragmentation and overlapping reporting requirements
  • The intersection of CBAMs with emerging economic security strategies

Closing remarks

Co-hosted with