Tackling Fossil Fuel Subsidies and Climate Change: Levelling the energy playing field
Subsidies for the consumption of fossil fuels were estimated at US$550 billion in 2013, according to the International Energy Agency.
This report by IISD and the Nordic Council of Ministers modeled the impact of removing fossil fuel subsidies in 20 countries between 2015 and 2020. The results show that this alone would reduce national emissions, against business as usual, by an average of 11 per cent. By taking 30 per cent of subsidy savings, and investing in renewable energy and energy efficiency, national emissions are reduced further to an average of 18 per cent by 2020. The report also includes case studies of reform in the Philippines, Morocco and Jordan.
You might also be interested in
First WTO deal on fishing subsidies hailed as historic despite 'big holes'
After 20 years of failed negotiations, the World Trade Organization has secured a deal to curb harmful subsidies that contribute to overfishing. Conservationists and campaign groups welcomed last week’s agreement as historic, despite criticism of “big holes” in the agreement.
Battling to define success after the WTO summit
It’s a little over three days after the World Trade Organization ministerial came to an agreement as dawn broke over Lake Geneva, and I’m sure some attendees are still catching up on sleep. There’s been a veritable banquet since of hot takes for you to choose from. Among the more thoughtful and optimistic are this thread from academic and former WTO official Nicolas Lamp and this on the fishing subsidies issue from piscine guru Alice Tipping. In today’s main piece I talk with Ngozi Okonjo-Iweala, the institution’s director-general, who was very pugnacious indeed in declaring the ministerial a success, and muse on a couple of themes about how negotiations work and what they mean.
Minister Ng welcomes successful Twelfth Ministerial Conference in Geneva
Canada is a trading nation and a strong proponent of the international rules-based multilateral trading system, with the World Trade Organization (WTO) at its core. Multilateralism is essential in achieving a strong, sustainable and inclusive global economic recovery after the COVID-19 pandemic.
Piyush Goyal Lauds WTO MC12's 'positive Outcomes'; 'India Has Received 100% Success'
Union Commerce & Industry Minister Piyush Goyal has lauded the 'collective efforts' at the World Trade Organisation (WTO) Ministerial Conference and said that 'positive outcomes have come out' of it.