GRAIN | 26 October 2015
The climate talks in Paris in December this year are viewed as a last chance for the world's governments to commit to binding targets that might halt our march towards catastrophe. But in the countdown to Paris, many of these same governments have signed or are pushing a raft of ambitious trade and investment deals that would pre-empt measures that they could take to deal with climate change (see box 1).
What we know of these deals so far, from the few texts that have leaked out of the secretive negotiations, is that they will lead to more production, more trade and more consumption of fossil fuels – at a time of global consensus on the need for reductions.1 In particular, the EU-Canada Comprehensive Economic and Trade Agreement (CETA) and the EU-US Transatlantic Trade and Investment Partnership (TTIP) are expected to result in increased EU reliance on fossil fuel imports from North America, as well as a restriction of policy space to promote low carbon economies and renewables. The Trans-Pacific Partnership (TPP), a mega-pact involving 14 countries in Asia and the Americas that was concluded earlier this month, is expected to result in more gas exports from the US to the Pacific Rim countries. The new deals will also extend investor-state dispute settlement provisions which companies are already using through the North American Free Trade Agreement (NAFTA) to reverse moratoriums on fracking and other popular environmental measures implemented by governments.2
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