Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies

Henok Birhanu Asmelash

No wp-2016-13, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Fossil-fuel subsidies are economically inefficient and harmful for the environment yet efforts to phase them out at the national and international levels have not been effective. The existing international legal framework is too weak and fragmented to support this process and an international agreement is essential. This paper explores the challenges and prospects of, and avenues for negotiating a binding multilateral agreement on phasing out fossil-fuel subsidies.

Keywords: International trade; Nonrenewable natural resources; Prices (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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