How to rein in fossil fuel subsidies? : towards a new WTO regime

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dc.contributor.authorHAPPERSBERGER, Simon
dc.contributor.authorMATEO, Eleanor Reyes
dc.contributor.authorÜNEKBAŞ, Selçukhan
dc.date.accessioned2022-01-28T09:08:26Z
dc.date.available2022-01-28T09:08:26Z
dc.date.issued2021
dc.descriptionPublished online: 12 August 2021en
dc.description.abstractFossil 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 in fossil fuel subsidies. This article provides an analysis of the current obstacles for phasing out fossil fuel subsidies and the potential of the WTO to advance a reform on fossil fuel subsidies. It argues that the WTO can contribute to a fossil fuel subsidies reform by its technical expertise in regulating subsidies, by its broad membership and by its institutional setting. Under the current framework of the ASCM, WTO member can use existing mechanisms, such as the TPRM, to increase transparency in the short term and facilitate discussions on the scope of subsidies while mitigating impacts on vulnerable groups or sectors. This would provide the ground for governments to work towards a new and ambitious agreement to stop producer fossil fuels subsidies and phase out consumer fossil fuels subsidies in the mid-to-long-term. However, the phase out of consumer subsidies needs to be carefully designed and embedded, to avoid unintended consequences on energy access and vulnerable households.en
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://hdl.handle.net/1814/73827
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherGraduate Institute of Genevaen
dc.relation.ispartofseriesGraduate Institute of Genevaen
dc.relation.ispartofseriesCentre for Trade and Economic Integration (CTEI) Working Paper
dc.relation.ispartofseries2021
dc.relation.urihttps://repository.graduateinstitute.ch/record/299329en
dc.relation.urihttps://www.graduateinstitute.ch/research-centres/centre-trade-and-economic-integration/publications
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.titleHow to rein in fossil fuel subsidies? : towards a new WTO regimeen
dc.typeWorking Paperen
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.orcid0000-0002-4795-1300
person.identifier.other46542
relation.isAuthorOfPublication236d9eee-636a-4bd6-afff-c9c99fc89061
relation.isAuthorOfPublication.latestForDiscovery236d9eee-636a-4bd6-afff-c9c99fc89061
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