Published on the 14th of January 2026
Bulletin No. 261, article 2. The impact of low carbon transition policies on foreign trade has not been greatly explored, but the gradual implementation of the Paris Agreement pledges and macroeconomic transition scenarios such as those prepared by the NGFS (Network for Greening the Financial System) are providing some insight on the issue. The transition could lead to a reduction in global trade due to the expected decline in fossil fuel imports, which would see the trade balances of advanced countries, which are net importers, improve at the expense of fossil fuel exporters. …