What Did Carney Mean by ‘Carbon Is Trade’?

News Analysis
After a G7 summit last week that unlike previous years was devoid of messaging around the need to tackle climate change and gender issues, those topics were raised as Canada and the European Union (EU) held their summit earlier this week.
Prime Minister Mark Carney and leaders of the European Union share a similar vision that climate change policies should be integrated in trade between countries.
“The future of trade does take carbon into account,” Carney said during a press conference after the summit in Brussels on June 23, adding that “carbon is trade.”
Carney’s comment came in response to a reporter’s question about a draft agreement of a trade deal between the United States and the EU, which was being circulated by the U.S. Trade Representative’s Office….