There is a growing consciousness of climate change in trade and commerce In the context consider the...........

Economic Affairs World Trade Organsiation (WTO)

There is a growing consciousness of climate change in trade and commerce. In the context, consider the following statements.

Assertion (A): There are no WTO rules specific to climate change.

Reason (R): Trade is not related to carbon emissions.

In the context of the above, which of these is correct?

A is correct, and R is an appropriate explanation of A.

A is correct, but R is not an appropriate explanation of A.

A is correct, but R is incorrect.

Both A and R are incorrect.

As per WTO’s website, “The issue of climate change, per se, is not part of the WTO's ongoing work programme and there are no WTO rules specific to climate change.
However, the WTO is relevant because climate change measures and policies intersect with international trade in a number of different ways.”
However, the WTO offers a powerful supporting framework for sustainable development and green economy.
It provides an enabling environment through its objectives, institutions and monitoring of potential trade protectionism, enforcement mechanism, tool box of rules, and growing case law in the environment area.