GLOBAL SUBSIDIES INITIATIVE
Subsidy WatchIssue 10, March 2007
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Removing Fuel Subsidies: Clearing the Road to Sustainable Development
By Dr. Gerhard P. Metschies; Dr. Sascha Thielmann; and Armin Wagner
Fuel prices, fuel taxation and subsidies for petrol and diesel fuel rank high on the world's political agenda, particularly after the spectacular increases in world market prices for crude oil (up to USD 75 a barrel in August 2006) and the subsequent slide in price to around USD 54 a barrel in January 2007. In this age of high and volatile fuels prices, how countries tax fuels and regulate prices has important implications for economic growth and environmental sustainability.
Also in this issue:
News
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Mexican government approves farm subsidies as NAFTA barriers set to expire
Mexican president Felipe Calderon announced a new USD 16 billion financial aid program for farmers in rural Mexico last month.
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A draft new template for notifying subsidies to the WTO
The International Institute for Sustainable Development's Global Subsidies Initiative has released a draft version of its model template for notifying subsidies to the World Trade Organization, in what the organization hopes will be a first step towards a multilateral, multi-stakeholder process for improving the current system of subsidy notification.
Studies
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Fuel subsidies and sustainable development: further resources
Fuel subsidies and sustainable development: further resources
International Fuel Prices
International Fuel Prices, the 1st, 2nd, 3rd and 4th editions, edited by the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ), are available for download at www.internationalfuelprices.com
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IIED briefing on the international trade in biofuels
A briefing note by the International Institute for Environment and Development (IIED) (International trade in biofuels: Good for development?
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Assessing the Viability of an Ethanol Industry in Saskatchewan
The Canadian Saskatchewan Institute of Public Policy, of the University of Regina, warns that an ethanol industry in the Province of Saskatchewan would not be viable without government subsidies, and offers limited benefits for rural development.
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