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Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies

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  • Henok Birhanu Asmelash

Abstract

Fossil-fuel subsidies are economically inefficient and harmful for the environment yet efforts to phase them out at the national and international levels have not been effective. The existing international legal framework is too weak and fragmented to support this process and an international agreement is essential. This paper explores the challenges and prospects of, and avenues for negotiating a binding multilateral agreement on phasing out fossil-fuel subsidies.

Suggested Citation

  • Henok Birhanu Asmelash, 2016. "Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies," WIDER Working Paper Series wp-2016-13, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2016-13
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2016-13.pdf
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    Cited by:

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