Common use of Trade and Climate Change Clause in Contracts

Trade and Climate Change. 1. The Parties recognize that climate change poses significant risks to communities, infrastructure, the economy, the environment and human health, with potential consequences for international trade, and that efforts are required to build resilience. The Parties also reaffirm the principles and objectives of the United Nations Framework Convention on Climate Change, the Kyoto Protocol and the Paris Agreement and their commitments under the respective instruments. 2. In accordance with the foregoing, each Party shall: (a) promote the contribution of trade to sustainable development and the transition to a sustainable low-emission economy and climate-resilient development, and (b) promote actions on mitigation and adaptation to climate change. 3. The Parties recognize, in the context of sustainable development, that there are different economic, social and environmental policy instruments that enable the achievement of national climate change objectives and support the achievement of their international climate change commitments. The Parties may share information and experiences in the development and implementation of such instruments. In particular, the Parties recognize that there are important areas of collaboration between the Parties on climate change adaptation and mitigation. 4. Pursuant to Article 17.8, the Parties shall cooperate to address matters of common interest. Areas of cooperation may include, among others: climate finance; climate governance and institutions; sustainable consumption and production and climate change; air quality co-benefits of greenhouse gas control measures; climate change mitigation and adaptation; resilient water management; sustainable agriculture; energy efficiency; research and development of cost-effective low- emission technologies; development of alternative, clean and renewable energy sources; solutions to deforestation and forest degradation; recovery of degraded areas; monitoring, reporting and verification (MRV) of greenhouse gas (GHG) emissions; methodologies for accounting for GHG emissions reductions under international agreements; carbon pricing mechanisms and other complementary measures to support a low-emissions transition; control of the spread of pests and diseases; preparedness for and action against extreme events related to climate change, such as forest fires, drought and desertification.

Trade and Climate Change. 1. The Parties recognize that climate change poses significant risks to communities, infrastructure, the economy, the environment and human health, with potential consequences implications for international trade, and that efforts are required to build resilience. The Parties also reaffirm their respective commitments under the principles and objectives of the 1992 United Nations Framework Convention on Climate Change, the 1997 Kyoto Protocol and the 2016 Paris Agreement and their commitments under the respective instrumentsAgreement. 2. In accordance with the foregoingabove, each Party shall: (a) promote the contribution of trade to sustainable development and the transition to a sustainable low-emission economy and climate-resilient development, and (b) promote actions on climate change mitigation and adaptation to climate changeadaptation. 3. The Parties recognize, in the context of sustainable development, that there are different economic, social and environmental policy instruments that enable the achievement of are available to achieve national climate change adaptation and mitigation objectives and to support the achievement of their international climate change commitments. The Parties may share information and experiences in the development and implementation of such instruments. In particular, the Parties recognize that there are important areas of collaboration between the Parties them on climate change adaptation and mitigation. 4. Pursuant to Article 17.817.18, the Parties shall cooperate to address matters of common interest. Areas of cooperation may include, among othersinter alia: climate finance; climate governance and institutions; sustainable consumption and production and climate change; air quality co-benefits of greenhouse gas control measures; climate change mitigation and adaptation; resilient water management; sustainable agriculture; energy efficiency; research and development of costcost- effective low-effective low- emission technologies; development of alternative, clean and renewable energy sources; solutions to deforestation and forest degradation; recovery restoration of degraded areas; monitoringMeasurement, reporting Reporting and verification Verification (MRV) of greenhouse gas (GHG) emissions; methodologies for GHG emission reduction accounting for GHG emissions reductions under international agreements; carbon pricing mechanisms and other complementary measures to support a low-emissions transition; control of the spread of pests pest and diseasesdisease spread; preparedness for and action against for extreme events related to climate change, such as forest fires, drought and desertification.

Trade and Climate Change. 1. The Parties recognize that climate change poses significant risks to communities, infrastructure, the economy, the environment and human health, with potential consequences implications for international trade, and that efforts are required to build resilience. The Parties also reaffirm their respective commitments under the principles and objectives of the 1992 United Nations Framework Convention on Climate Change, the 1997 Kyoto Protocol and the 2016 Paris Agreement and their commitments under the respective instrumentsAgreement. 2. In accordance with the foregoingabove, each Party shall: (a) promote the contribution of trade to sustainable development and the transition to a sustainable low-emission low greenhouse gas emitting economy and climate-climate resilient development, and (b) promote actions on mitigation to mitigate and adaptation adapt to climate change. 3. The Parties recognize, in the context of sustainable development, that there are different economic, social and environmental policy instruments that enable the achievement of national climate change adaptation and mitigation objectives and support the achievement of their international climate change commitments. The Parties may share information and experiences in the development and implementation of such instruments. In particular, the Parties recognize that there are important areas of collaboration between the Parties them on climate change adaptation and mitigation. 4. Pursuant to Article 17.812.16, the Parties shall cooperate to address matters of common interest. Areas of cooperation may include, among others: climate finance; inter alia: (a) climate governance and institutions; ; (b) sustainable consumption and production and climate change; ; (c) air quality co-benefits of greenhouse gas control measures; ; (d) climate change mitigation and adaptation; ; (e) resilient water management; ; (f) sustainable agriculture; ; (g) energy efficiency; ; (h) research and development of cost-effective low- low-emission technologies; ; (i) development of alternative, clean and renewable energy sources; ; (j) solutions to deforestation and forest degradation; ; (k) recovery of degraded areas; monitoring; (l) a measurement, reporting and verification (MRV) of greenhouse gas (GHG) emissions; ; (m) methodologies for accounting for GHG emissions emission reductions under international agreements; carbon pricing mechanisms and other complementary measures to support a low-emissions transition; , and (n) control of the spread of pests and diseases; , preparedness for and action against extreme events related to climate change, such as forest and rural fires, drought droughts and desertificationfloods.