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This paper, part of the project ‘Risks of, and Responses to, the New Fossil Fuel Economy‘, examines the potential role of international institutions in governing a transition away from fossil fuels.
There is an increasing recognition that to avoid dangerous climate change, most fossil fuel reserves will need to be left in the ground. This calls for increased attention for policies focusing on the supply side of fossil fuels. While national policies play a key part in governing fossil fuels and any transition away from them, international institutions can also play an important part.
This paper starts by examining how different international institutions govern fossil fuel extraction and the extent to which their governance approaches overlap, complement or conflict with one another. It maps the institutions according to their objective, governance functions and activities relevant to fossil fuel development, to get an overview of the existing roles of international institutions.
The paper then examines the potential role some of these institutions can play in governing the transition away from fossil fuel extraction, focusing in particular on options to address the supply side of fossil fuels within the United Nations Framework Convention on Climate Change (UNFCCC) and the World Trade Organization (WTO).
Download the paper (PDF, 680kb)
About SEI Working Papers:
The SEI working paper series aims to expand and accelerate the availability of our research, stimulate discussion, and elicit feedback. SEI working papers are work in progress and typically contain preliminary research, analysis, findings, and recommendations.
Many SEI working papers are drafts that will be subsequently revised for a refereed journal or book. Other papers share timely and innovative knowledge that we consider valuable and policy-relevant, but which may not be intended for later publication.
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