Energy transitions and trade law: lessons from the reform of fisheries subsidies
Margaret A Young
INTERNATIONAL ENVIRONMENTAL AGREEMENTS-POLITICS LAW AND ECONOMICS | SPRINGER | Published : 2017
Fossil fuel subsidies, like subsidies to the fishing sector, lead to trade-distorting and ecologically harmful practices. The US$35 billion in subsidies provided by countries every year to the fishing sector leads to more and more boats being built, even as 90% of fish stocks are either fully exploited or overfished. An estimated US$444 billion in subsidies are provided annually for the production of fossil fuels by G20 countries, even as evidence emerges that oil, gas and coal reserves must remain unexploited to limit global warming increases to 2 °C. Of course, each country has its own development priorities, livelihood concerns and need for food and energy security. Agreeing upon ..View full abstract
With thanks to participants at the workshop for the Research Network on Fragmentation and Complexity in Global Governance (REFRACT) sponsored by the Research Foundations-Flanders at the Vrije Universiteit Brussel on 26 June 2015 and especially to the workshop organizers Thijs Van de Graaf and Harro van Asselt. Thanks also to Elizabeth Sheargold for research assistance and Ben Czapnik and the two anonymous reviewers for helpful comments.