“It’s basically relying on people’s altruism to reduce subsidy expenditure,” said Kieran Clarke, a researcher for the International Institute for Sustainable Development in Geneva. “It’s noble but not very effective.”
"They really want to have the momentum going the right way," said Lynn Wagner, an expert on international negotiations with the International Institute for Sustainable Development.
“The plummeting oil price has eaten into the margins of large oil and gas companies, and all around the world they are demanding a reduction in overall tax burden, especially on new projects”, says Ivetta Gerasimchuk, Senior Researcher for the International Institute for Sustainable Development.