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As made abundantly clear at the international climate change conference in Bali in December 2007, climate change and international trade issues have now intersected to create a new, wide-ranging and rapidly-expanding joint climate-trade agenda. As a result, a variety of negotiating challenges have thus emerged for both the UNFCCC and WTO multilateral processes. Tom Brewer, Associate Professor at the McDonough School of Business, Georgetown University, and Associate Fellow at CEPS, outlines in this Commentary three such challenges in particular that stand out in need of immediate attention and notes that they offer the EU the opportunity to expand its leadership role at the global level in both the multilateral climate and trade regimes.