Fossil Fuel Subsidy Reform
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Fossil Fuel Subsidy Reform

An International Law Response

Vernon J.C. Rive

This much-needed book provides an empirically-grounded, and theoretically informed account of international law sources, mechanisms, initiatives and institutions which address and affect the practice of subsidising fossil fuel consumption and production. Drawing on recent scholarship on emerging international governance mechanisms, ‘informal’ international law-making and regime interaction, it offers suggestions, and critiques suggestions of others, for how the international law framework could be employed more effectively and appropriately to respond to environmentally and fiscally harmful fossil fuel subsidies.
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Chapter 6: Beyond the ASCM: fossil fuel subsidies under accession processes, preferential trade agreements, and prospects for trade law reform

Vernon J.C. Rive

Abstract

This chapter assesses future opportunities for fossil fuel subsidy disciplines outside the ASCM, commencing with an analysis of the scope of addressing fossil fuels subsidies in WTO accession processes before turning to preferential trade agreements (PTAs) including three representative regional trade agreements: the European Union – Singapore Free Trade Agreement (EU-Singapore FTA); Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP); and Transatlantic Trade and Investment Partnership (TTIP). The chapter also considers initiatives for reform of environmentally harmful subsidy rules within the ASCM, including the protracted negotiations on fisheries subsidies, and the background to and prospects of a New Zealand-led initiative to introduce a set of new disciplines on fossil subsidies within the WTO.

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