Abstract
Abstract The growing recognition that fossil-fuel subsidies are economically inefficient and harmful for the environment has led to widespread calls for—and efforts to bring about- the phasing out of fossil-fuel subsidies over the last few years. Despite these efforts, however, fossil-fuel subsidies remain prevalent around the world. The existing international legal framework is too weak and fragmented to support fossil-fuel subsidy reform efforts and an international agreement is essential. This chapter explores, from a sustainable energy transition perspective, the challenges and prospects of and avenues for negotiating a binding multilateral agreement on fossil-fuel subsidies. The chapter posits that the Friends of Fossil-Fuel Subsidy Reform are in a position to take the lead and that the ball is in the court of the World Trade Organization (WTO).
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