WTO Members Share Ideas to Move Fossil Fuel Subsidy Reform Initiative Forward
The World Trade Organization members taking part in a July 18 Fossil Fuel Subsidy Reform initiative meeting swapped views on "three key areas" where the WTO could boost the FFSR's efforts ahead of the 13th Ministerial Conference in February, the…
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WTO said. The areas are the "use of WTO mechanisms to enhance transparency on fossil fuel subsidy reform," greater analytical work to identify subsidies from a trade-distorting and environmental perspective and "developing best practice approaches to ensure that any fossil fuel support measures adopted during energy crises remain targeted, transparent and temporary in nature." The initiative will meet again "in the autumn" to prepare for MC13.