Environment and trade

Focus

To benefit fully from cross-border trade in electricity, interconnected countries need to establish a non-discriminatory trading regime based on co-operation and co-ordination, says this study of trade in renewable-energy-based electric power in Europe.
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Two new OECD reports provide wide-ranging evidence of how reforming subsidies and tax breaks for fossil fuels and rationalising fuel taxes can help countries boost finances and meet green objectives.
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An OECD report details around 550 measures that support fossil-fuel production or use in the OECD’s 34 member countries and also highlights the successes and challenges in bringing about reform, says this OECD Insights blog post.
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Did you know..?

 

A co-ordinated multilateral removal of fossil-fuel consumption subsidies over the 2013-2020 period would increase global trade volumes by 0.1% by 2020.

(Source: The Trade Effects of Phasing Out Fossil-Fuel Consumption Subsidies, OECD Trade and Environment Working Paper 2011/05)

 Books

Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels 2013

Support to fossil-fuel production and use in OECD countries was USD 55 – 90 billion annually during the 2005 – 2011 period, according to this inventory of over 550 mechanisms in the 34 OECD member countries. The Inventory furthers transparency and accountability, providing estimates that will help governments and stakeholders assess these policies as they look at ways to reform subsidies.

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