ID 61731
Main Information
Title Correcting Markets to Tackle Global Challenges: What Principles Should Guide International Subsidy Rules? (WWF)
Description There are a range of global challenges facing the world today, from poverty and climate change to 
biodiversity loss and security. These are increasingly interconnected. Subsidies are an important policy instrument that impacts on global challenges, for the better and for the worse. Today, effective international rules on subsidies are decided and enforced through the WTO. These rules focus on disciplining subsidies that distort trade. It means that they do not seek systematically to respond to the complex impacts subsidies have on global challenges. WWF believes this is a fundamental flaw that will need to be addressed. 
This report does not attempt to provide detailed proposals of what subsidy disciplines should look like. 
It does, however, suggest four principles which could inform the development of new subsidy disciplines and on which experts from different constituencies can agree. These principles are not new to international economic law, but they need to be mainstreamed into international subsidy rules:
Web Link /doc/case-studies/inc/cs-inc-wwf-subsidyrules-en.pdf
Additional Information
Authors John Kornerup Bang and Eivind Hoff
Regions Global
Incentive Measures Reform of Perverse Incentives
Keywords Environmental law
Environmental economics
Environmental policy
Environmental management
Environmental incentives
Fishery policies
Fishery management
  • United Nations
  • United Nations Environment Programme