EnergyWatch

Analyst: Sunken WTO deal is bad news for green companies

The EGA deal would have covered thousands of environmentally-friendly projects worth over EUR 105 billion annually, but WTO talks ultimately ended in failure. That is "resoundingly bad" for green companies, says a senior advisor to EnergyWatch.

Photo: HØYBYE LIV

"It is deeply regrettable and resoundingly bad for green companies that the EGA deal has sunk," says Peter C. Brun, senior advisor at Think Tank Europa, in an interview with EnergyWatch.

He is referring to the fact that the World Trade Organization's attempts to secure a huge green trade deal, the Environmental Goods Agreement (EGA), have failed. The EGA should have been locked into place from the beginning of December when representatives from 46 WTO member countries met in Geneva.

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