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Fossil fuel subsidies undermine efforts to mitigate climate change, and they damage the trading system. Multilateral discussion is hampered by inconsistent definitions and incomplete data, which could increase the risks of WTO disputes. Members do not notify such subsidies as much as they should...
Persistent link: https://www.econbiz.de/10014149959
that the Friends of Fossil-Fuel Subsidy Reform are in a position to take the lead and that the ball is in the court of the … World Trade Organization. …
Persistent link: https://www.econbiz.de/10011447374
energy support programs has raised concerns that the multilateral subsidy rules may stand in the way of global efforts to … tend to help accelerate the transition, fossil fuel subsidies do exactly the opposite. If the multilateral subsidy rules …
Persistent link: https://www.econbiz.de/10012953065
-distorting subsidies across sectors, the World Trade Organization (WTO) is an obvious candidate for advancing fossil fuel subsidy reform …) pledging subsidy reform and ensuring credible follow-up through reporting and review; (iv) adopting a political declaration …
Persistent link: https://www.econbiz.de/10012923687
context of fossil fuel subsidy reform. In view of climate change mitigation, the World Trade Organization (WTO) should … environmentally harmful fossil fuel subsidy: States that maintain dual-pricing policies are not incentivised to curb their CO2 …, the piece approaches dual pricing from the viewpoint of being a fossil fuel subsidy. The contribution explores avenues to …
Persistent link: https://www.econbiz.de/10012931636
Fossil fuel subsidies have negative consequences on the climate change, public budgets and and the transition to an environmentally friendly economy. Nevertheless, governments do not keep up with their commitments to phase out fossil fuel subsidies but misallocate again COVID-19 recovery funds...
Persistent link: https://www.econbiz.de/10012607678
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This contribution discusses WTO subsidies disciplines in the context of the energy sector. After laying out the relevant disciplines, it will discuss the paradox of WTO law with respect to subsidies towards fossil fuels vis-à-vis those towards renewable energy. It is clear that subsidies on...
Persistent link: https://www.econbiz.de/10014125055