Tuesday, 12.12.2017 - Buenos Aires, Argentina

Using the WTO and the Trade System to Discipline Fossil Fuel Subsidies for Climate Mitigation

A recent IMF study places global fossil fuel subsidies at US$5.3 trillion, or 6.5% of global GDP, which boost greenhouse gas emissions and further spur climate change, undermining efforts made by the international community.

Political developments, including in the G20, the G7, the UN Agenda 2030 and the Paris Agreement, show an increasing recognition of the need to put an end to these subsidies. This session seeked to shed light on their impact and discussed if and how the WTO could become equipped to effectively discipline these subsidies.

Speakers: James Bacchus, Chair of Global Practice, Greenberg Traurig; Susanne Dröge, Senior Fellow, German Institute for International and Security Affairs; Jennifer Hillman; Professor of International Law, Georgetown Law School; Robert Howse, Lloyd C. Nelson Professor of International Law, New York University School of Law; Matias Ignacio Pinto Pimentel, Legal Adviser, Ministry of Finance of Chile; Hubert René Schillinger, Director, Geneva Office, Friedrich-Ebert-Stiftung.

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