In 2019, the governments of New Zealand, Costa Rica, Fiji, Iceland and Norway, quickly joined by Switzerland, launched a new initiative towards an Agreement on Climate Change, Trade and Sustainability (ACCTS).1 The ACCTS focuses on trade-related issues that have the potential to address climate change, starting with the liberalisation of tariffs on environmental goods and services, the definition of disciplines to eliminate harmful fossil fuel subsidies, and the development of high integrity eco-labels. Negotiations among this first group of countries should terminate in 2024. We highlight in this blog post2 the singularity of this–first ever–hybrid trade & environment agreement, and argue that there are more pros than cons for the EU to join it.