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Regulation CONELEC 004/04, which entered into force 1 January 2005, encourages investment in the production of renewable energies (biomass, solar, geothermal, and wind energy)

The Automotive Complementary Agreement between Ecuador, Colombia, and the Bolivarian Republic of Venezuela prohibits the import of used motor vehicles and parts, in order to guarantee among other things environmental conservation, while the National Financial Corporation granted preferential credit loans (not exceeding 9.8%) to consumers, in order to trade older vehicles for newer, more environmentally friendly, ones

Pursuant to its commitments under the General Agreement on Trade in Services, Ecuador grants foreign investors market access and national treatment in ten sectors, including, inter alia, environmental services

The EU aims to achieve its trade policy objectives whilst also driving improvements in social inclusion, supporting green growth and climate change objectives, and promoting sustainable development, both in the EU and in the rest of the world

The "Europe 2020"strategy through its sixth flagship initiative aims to boost growth and jobs while becoming less carbon intensive, while through its seventh flagship initiative "A resource-efficient Europe" it seeks to establish resource efficiency as the guiding principle for EU policies on energy, transport, climate change, industry, commodities, agriculture, fisheries, biodiversity and regional development

The EU maintains its strong commitment to environmental protection and the fight against climate change in its trade policy, including through its work in the Committee on Trade and Environment and its Special Session; the EU promotes the liberalisation of trade in environmental goods and services and seeks a clarification of the relationship between the WTO and Multilateral Environmental Agreements (MEAs)

The EU enterprise and industrial policy puts increasing attention into fostering consistency with energy and environmental policies

FTAs entered into have been designed to promote sustainable development, and therefore include high environmental and labour standards

A tool to ensure coherence between trade liberalisation and sustainable development are the ex-ante assessments of the potential effects of trade agreements on the pursuit of economic, social and environmental goals

The EU both at the domestic level as well as on the international stage has developed a robust policy with some of the most aggressive carbon emissions reduction targets underpinned by a strengthened Emissions Trading System (EU ETS) and leading player in the climate change negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) to agree on a new post-Kyoto climate regime