Though the World Trade Organization (WTO) is well suited to take the fossil fuel subsidy reform agenda forward, its involvement on this issue has been limited to date. This policy brief summarizes the key findings of a larger report on fossil fuel subsidies and trade agreements, to be published later this year.
The authors explain why fossil fuel subsidies have evaded WTO challenge, and they identify five avenues (beyond litigation) for reform of international trade policy to better address fossil fuel subsidies.
The five key avenues are:
Options could be pioneered by one or several WTO members, or though regional, mega-regional and plurilateral trade agreements, the authors conclude.
The discussion brief is part of the Climate Strategies project, “Making the International Trading System Work for Climate Change”, funded by the KR Foundation.
Read the policy brief (external link to PDF)
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