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Climate Strategies

The report Tackling Fossil Fuel Subsidies through International Trade Agreements analyses the compatibility of five selected fossil fuel support measures in the Group of 20 (G20) countries with the WTO’s 1994 Agreement on Subsidies and Countervailing Measures (ASCM). The exercise has never been attempted before, and doing so, it identifies some of the key legal questions and challenges faced at the WTO.

Specifically, the findings highlight the difficulty of litigating fossil fuel consumption subsidies, measures that remain substantial. While enhanced transparency could help address some of the challenges complainants may face, fossil fuel subsidy notification rates within the WTO system remain disappointingly low.

In light of these shortcomings, the paper identifies five complementary avenues for reform of international trade policy to enable countries to better address fossil fuel subsidies:

The wealth of nature
Smith School of Enterprise and the Environment (SSEE)
The report The Wealth of Nature: Increasing National Wealth and Reducing Risk by Measuring and Managing Natural Capital considers the linkages between natural capital and human prosperity.
United Nations Economic Commission for Europe (UNECE)
The Third Environmental Performance Review of Georgia takes stock of the progress made by Georgia in the management of its environment since the country was reviewed in 2010 for the second time.
United Nations Economic Commission for Europe (UNECE)
The Third Environmental Performance Review of the Republic of Moldova takes stock of the progress made by the Republic of Moldova in the management of its environment since the country was reviewed in 2005 for the second time.
United Nations Economic Commission for Europe (UNECE)
The Third Environmental Performance Review of Serbia takes stock of the progress made by Serbia in the management of its environment since the country was reviewed in 2007 for the second time.