Fossil Fuel Subsidy Reform: What Role for the World Trade Organization?
The removal of fossil fuel subsidies (FFS) would bring about many important and positive effects, among them helping to reduce air pollution and emissions of greenhouse gases that cause climate change and improving government’s finances. It could also reduce distortions affecting trade in not only the subsidized products, such as coal, fuel oil and natural gas, but also in goods that compete with fossil fuels, such as wind turbines and solar photovoltaic panels.