WTO members are looking for innovative ways to achieve climate change mitigation and carbon neutrality goals through international and domestic efforts. On the latter, some are concerned that their actions might run afoul of WTO disciplines on subsidies as they ramp up green investments for domestic industries.
Do current rules provide adequate policy space to promote climate responsive measures and aid in the energy transformation, or are they in need of an overhaul? If reform is needed, how do we strike a balance between providing more space for environmentally-focused subsidies and ensuring that such measures are not just disguised protectionism? And how can we ensure that developing countries can reap the benefits of a green transition if they face financial constraints in providing their own subsidies?
Join us for a conversation on what reform of multilateral rules on subsidies could look like, and how this can support a sustainable post-pandemic economic recovery.