New UK report pits free trade against ‘green protectionism’

New British Prime Minister expected to announce energy price freeze

Liz Truss, UK Prime Minister- Image

A new UK report outlines the role free trade and free-market can play in accelerating the global transition to a low-carbon economy, challenging green protectionism.

The second report by the Board of Trade, Green Trade, shows “how free markets are critical to tackling climate change, enabling the free flow of information and proliferation of green technology, challenging the narrative that free trade is a threat to the environment”. It also addresses green protectionism, whereby environmental aims are used as a cover to enact “damaging protectionist policies”, the government said in a statement on June 21.

The UK is a leader in green exports and this report shows how free trade, free markets and free enterprise can be leveraged to counteract green protectionist policies that hold back the global transition to a low-carbon economy,” said Liz Truss, International Trade Secretary.

“Free enterprise is key to the UK’s recovery from the coronavirus pandemic, to tackling climate change, and to securing a stronger and freer trading environment that directly supports jobs in regions and nations across the UK.

“Experts predict the UK’s low-carbon economy could grow by 11 per cent per year between 2015 and 2030 – four times faster than the rest of the economy – delivering between £60 billion and £170 billion of export sales in goods and services by 2030. By 2050, there could be more than 1.2 million full time workers directly employed in England’s low carbon industries,” she added.

Thank you for reading, and don’t forget to check The Euro Weekly News for all your up-to-date local and international news stories.


Author badge placeholder
Written by

Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.