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Fit for Purpose?: Toward trade rules that support fossil fuel subsidy reform and the clean energy transition
Number of Authors: 2
Responsible organisation
2020 (English)Book (Other academic)
Abstract [en]

Estimated at USD 478 billion in 2019, fossil fuel subsidies strain the public purse, contribute to climate change, slow the uptake of renewable energy, and lead to local air pollution and associated impacts on public health. Their reform could thus lead to a wide range of socioeconomic and environmental benefits. Despite its binding rules to regulate subsidies, the World Trade Organization (WTO) has so far failed to play any significant role in constraining government support to fossil fuels. Against this backdrop, this report explores whether WTO rules and practices are fit for purpose in addressing fossil fuels subsidies and supporting the clean energy transition, and how they could be reformed to more effectively contribute to these key objectives. It also offers practical recommendations for WTO members and other stakeholders interested in moving this agenda forward.

Place, publisher, year, edition, pages
Copenhagen: Nordisk Ministerråd, 2020, 539. , p. 60
Series
TemaNord, ISSN 0908-6692 ; 2020:539
National Category
Natural Sciences
Research subject
Economy; Energy; Public finance; Sustainable development; Environment and Climate
Identifiers
URN: urn:nbn:se:norden:org:diva-6229DOI: 10.6027/temanord2020-539ISBN: 978-92-893-6809-4 (electronic)ISBN: 978-92-893-6810-0 (electronic)OAI: oai:DiVA.org:norden-6229DiVA, id: diva2:1501855
Available from: 2020-11-18 Created: 2020-11-18 Last updated: 2022-02-14

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf