Developing countries face the challenge of »double exposure« to economic and environmental risks. This underscores the importance of assisting them in a coherent manner, by making available the funding needed to tackle these two types of challenges. The paper explores steps that could be taken to promote more convergence between Aid for Trade (AfT) under the WTO and climate finance under the UNFCCC, keeping in mind the interlinkages between trade and climate issues on the ground.