scholarly journals Falling Oil Prices and Sustainable Energy Transition: Towards a Multilateral Agreement on Fossil-Fuel Subsidies

Author(s):  
Henok Birhanu Asmelash
Author(s):  
Henok Birhanu Asmelash

The growing recognition that fossil-fuel subsidies are economically inefficient and harmful for the environment has led to widespread calls for—and efforts to bring about- the phasing out of fossil-fuel subsidies over the last few years. Despite these efforts, however, fossil-fuel subsidies remain prevalent around the world. The existing international legal framework is too weak and fragmented to support fossil-fuel subsidy reform efforts and an international agreement is essential. This chapter explores, from a sustainable energy transition perspective, the challenges and prospects of and avenues for negotiating a binding multilateral agreement on fossil-fuel subsidies. The chapter posits that the Friends of Fossil-Fuel Subsidy Reform are in a position to take the lead and that the ball is in the court of the World Trade Organization (WTO).


2018 ◽  
Author(s):  
Richard Bridle ◽  
Laura Merrill ◽  
Mikko Halonen ◽  
Anna Zinecker ◽  
Paula Tommila

2015 ◽  
Vol 3 (11) ◽  
pp. e675
Author(s):  
Vinay Gupta ◽  
Ranu Dhillon ◽  
Robert Yates

Sign in / Sign up

Export Citation Format

Share Document