Freer Trade is Key to a Cleaner Environment and Green Growth

Anthony B. Kim / June 07, 2010

In remarks on World Environment Day, the Director-General of the World Trade Organization (WTO), Pascal Lamy, pointed out that, “Trade opening has much to contribute in the fight against climate change and to the protection of the environment.”

Indeed, the most practical improvements in energy efficiency and protecting the environment over the past decades haven’t stemmed from government regulatory mandates. As shown in the analysis of the Index of Economic Freedom, the most progress has been driven by advances in freer trade and economic freedom. These unleash greater economic opportunity and prosperity, generating a virtuous cycle of investment, innovation, and dynamic economic growth. Echoing the same message, the WTO chief further noted: (more…)