APEC Cuts Environmental Goods Tariffs

The APEC economies have published details on their implementation of tariff cuts on a list of 54 environmentally friendly goods, boosting trade and improving access to the tools needed to fight climate change.
The conclusion of this APEC initiative will help to lower the cost of environmental goods such as solar panels, wind turbines and air pollution control equipment. Tariff reductions will better position the region to meet its target of doubling of renewable energy by 2030 and reducing energy intensity by 45 per cent by 2035.
The pursuit of an APEC environmental goods tariff reduction arrangement was set in motion in a Declaration issued at the conclusion of the APEC Economic Leaders’ Meeting hosted by the United States in Honolulu in 2011. The list of 54 environmental goods was endorsed a year later, in 2012, when Russia hosted the meeting in Vladivostok.
The progress of implementation work and next steps to bolster the development of the environmental goods and services sector will be points of discussion when officials from the region meet in Lima on February 20-March 4, 2016 to open Peru’s year as chair of APEC in 2016.
Press-release at the official APEC web-site