Do you know what friendshoring is? Hare are 4 global trade buzzwords #offshoring #reshoring #nearsh

Do you know what friendshoring is? Hare are 4 global trade buzzwords explained #offshoring #reshoring #nearshoring #
Here are 4 global trade buzzwords that you need to know in 2023.
Trade can benefit climate action, says this major report
The 2022 edition of the World Trade Organization's World Trade Report explores the complex interlinkages between climate change, international trade and climate and trade policies.

The World Trade Report argues that, although trade can generate greenhouse gas emissions that cause climate change, it can also serve as a force multiplier for climate actions.
Greater trade cooperation is essential to decarbonise supply chains and make them more resilient to climate shocks and to promote secure and sustainable food systems.
Trade lowers the cost of climate mitigation

The past decade has witnessed an astonishing reduction in price and a vast improvement in the performance of low-carbon technologies, making renewables a more affordable option than their fossil fuel counterparts. The price of solar power has fallen by almost 90% since 2010, while the efficiency of solar panels has doubled since 1980. Likewise, the cost of electricity from onshore wind fell by nearly 70% in ten years (see Figure 1). The fundamental driver of this change is improvements in technology and production, which are, in part, driven by learning-by-doing and economies of scale enabled by trade and global value chains. #supplychains #climatechange