This note synthesises the available literature examining the impact of agricultural support on greenhouse gas (GHG) emissions as well as its impact on water, biodiversity, and land. In keeping with the Secretariat's impartiality, the note reports the findings as they appear in the literature....

Since the outbreak of the COVID-19 pandemic there has been a discussion among researchers and policy makers about changes to global value chains, both about expected changes and changes that should be promoted by government policies. In this paper we conduct an in-depth analysis of the reasons...

This paper is the first in the literature to examine the impact of natural disasters on trade in services. We measure the magnitude of natural disasters using two distinct sets of variables and quantify the effect of natural disasters on trade in services using a structural gravity model. We...

This paper examines the determinants of virtual water trade – embodied in agricultural products – and tests the relationship between property rights and the export of water-intensive products. Using two different measures of property rights protection, I show that countries with weaker...

This study investigates how environmental policies impact trade and innovation in environmental goods. We make two major contributions to the economic debate. First, we extract a set of information from the WTO Environmental Database (EDB) through natural language processing techniques that...

We explore a global carbon pricing framework to inform the potential coordination of carbon pricing and equivalent policies. The framework has three main features aligning with the current multilateral system for climate action. First, the carbon price is determined by a global average carbon...