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.


"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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Further reading

Related articles

Latest News

See all jobs