Shifting to clean energy sources in economy

clean energy sources

Rome [ENA] The world seems to shift to clean energy sources and a new concept of energy security is emerging. As countries move away from fossil fuels renewable energy and smart interconnections increase energy independence. A leadership model based on knowledge – rather than commodities –is assuming a central role. This makes clean energy more accessible for all. Climate security is also favoured by the transition, which helps

lower emissions and reduce climate impacts. Lockdowns, curfews, quarantines, fears of contracting or transmitting the virus, mobility restrictions, and limited access to services and safe spaces, as shelters closed and clinics were repurposed for the pandemic response, added a layer of complexity to existing structural, institutional and sociocultural barriers to reporting. Proactive measures to foster an enabling environment for survivors to safely come forward and seek redress have become more urgent than ever. The pandemic has laid bare the intersecting inequalities that plague western societies, as compounded by conflict, displacement, and institutional fragility.

The only solution for these overlapping ills is an injection of political resolve and resources equal to the scale of the challenge. In this scenario it’s vital to improve the functioning and centrality of the WTO and to confront “deglobalization” in the multilateral trading system by promoting convergence and coordination via issue-specific focused dialogue on emerging trends in trade-related policies, building on lessons from the experience through investment treaties. In order develop smart interconnections for world trade restoring the functioning of the Dispute Settlement System (DSS) at all levels (panels, appeal, compliance) through appropriate procedural rules and through administrative and financial arrangements within the WTO

seems the most favorable occasion for a world where economy moves away from fossil fuels. Encouraging the G20 key role in promoting dialogue on the use and operation of plurilaterals under the WTO rulebook in order to revamp multilateral cooperation problems may occur with the international and multilateral cooperation. t the G20 level a common set of principles, promoting a new multilateral regulatory framework and facilitating the integration of SMEs in global digital trade markets. Investment issues can be addressed through the “developing country” status and “Special and Differential Treatment” (SDT) ,through a flexible case-by-case approach by defining non-objective criteria for obligations proportional to WTO members development

levels can help to overcome the major obstacles to digital trade and cross-border data flows.Promoting policies, regulations, and measures to create “digital friendly” investment environments to attract digital FDIs. FDIs contribute to attract digital knowledge and technology, boosting productivity and job creation. Developing guiding principles for investment facilitation frameworks aimed at supporting sustainable FDIs. Investment facilitation frameworks help enhance transparency, cooperation and reduce costs for foreign investors. Increasing transparency on investment screening mechanisms to support international comparison and the sharing of best practices and models. Investment screening is an increasingly widespread policy tool aimed

at protecting national security and public order which may create new investment barriers. Trade and environmental sustainabilitycan be Encouraged through international cooperation and coordination to make sustainability standards an effective instrument for a more sustainable production in global value chains (GVCs). Developing frameworks to measure domestic subsidies to prevent domestic distortions and welfare-reducing effects, and international tensions associated with industrial subsidies. Reforming the notion of subsidy under the Agreement on Subsidies and Countervailing Measures of the WTO, enhance transparency on the notification of subsidies and encourage open plurilateral negotiations and agreements.

Facilitating the integration of Micro, Small and Medium Enterprises (MSMEs) into GVCs by facilitating their access to funding and technical assistance; favoring the creation of industrial clusters and cooperatives; and establishing quality standards and certifications. Promoting a new G20 Plan of Action on Agricultural Trade in a Post-Pandemic World with the aim to tackle export restrictions and other trade barriers to agricultural products that threaten especially the participation of low-income countries in global food value chains. These are just some of the issues to put on the agenda to try to tackle a new economic way of life, where the economy free from fossil fuels and based on knowledge can be the basis of a better world.