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Policy surveillance in the G-20 fossil fuel subsidies agreement: lessons for climate policy

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  • Joseph E. Aldy

    (Harvard Kennedy School, Resources for the Future, National Bureau of Economic Research, Center for Strategic and International Studies)

Abstract

Inadequate policy surveillance has undermined the effectiveness of multilateral climate agreements. To illustrate an alternative approach to transparency, I evaluate policy surveillance under the 2009 G-20 fossil fuel subsidies agreement. The Leaders of the Group of 20 nations tasked their energy and finance ministers to identify and phase-out fossil fuel subsidies. The G-20 leaders agreed to submit their subsidy reform strategies to peer review and to independent expert review conducted by international organizations. This process of developed and developing countries pledging to pursue the same policy objective, designing and publicizing implementation plans, and subjecting plans and performance to review by international organizations differs considerably from the historic approach under the UN Framework Convention on Climate Change. This paper draws lessons from the fossil fuel subsidies agreement for climate policy surveillance.

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  • Joseph E. Aldy, 2017. "Policy surveillance in the G-20 fossil fuel subsidies agreement: lessons for climate policy," Climatic Change, Springer, vol. 144(1), pages 97-110, September.
    • Handle: RePEc:spr:climat:v:144:y:2017:i:1:d:10.1007_s10584-015-1505-0
    DOI: 10.1007/s10584-015-1505-0
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    1. Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W. H. Parry & William A. Pizer, 2010. "Designing Climate Mitigation Policy," Journal of Economic Literature, American Economic Association, vol. 48(4), pages 903-934, December.
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    10. Roger Fouquet (ed.), 2013. "Handbook on Energy and Climate Change," Books, Edward Elgar Publishing, number 14429.
    11. Aldy,Joseph E. & Stavins,Robert N. (ed.), 2007. "Architectures for Agreement," Cambridge Books, Cambridge University Press, number 9780521692175, September.
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    Cited by:

    1. Böhringer, Christoph & Keller, Andreas & Bortolamedi, Markus & Rahmeier Seyffarth, Anelise, 2016. "Good things do not always come in threes: On the excess cost of overlapping regulation in EU climate policy," Energy Policy, Elsevier, vol. 94(C), pages 502-508.
    2. Daniel Rosenbloom & Adrian Rinscheid, 2020. "Deliberate decline: An emerging frontier for the study and practice of decarbonization," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 11(6), November.
    3. Harro van Asselt & Kati Kulovesi, 2017. "Seizing the opportunity: tackling fossil fuel subsidies under the UNFCCC," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(3), pages 357-370, June.
    4. Henok Birhanu Asmelash, 2016. "Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies," WIDER Working Paper Series wp-2016-13, World Institute for Development Economic Research (UNU-WIDER).
    5. Henok Asmelash, 2016. "Falling oil prices and sustainable energy transition: Towards a multilateral agreement on fossil-fuel subsidies," WIDER Working Paper Series 013, World Institute for Development Economic Research (UNU-WIDER).
    6. Barah Ahn & Vikram C. Patil & Paul I. Ro, 2021. "Effect of Integrating Metal Wire Mesh with Spray Injection for Liquid Piston Gas Compression," Energies, MDPI, vol. 14(13), pages 1-23, June.
    7. Aldy, Joseph E., 2015. "Evaluating Mitigation Effort: Tools and Institutions for Assessing Nationally Determined Contributions," Working Paper Series 15-068, Harvard University, John F. Kennedy School of Government.
    8. Joseph E. Aldy & William A. Pizer, 2016. "Editor's Choice Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(1), pages 3-24.
    9. Aldy, Joseph Edgar & Pizer, William, 2016. "Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture," Scholarly Articles 22808338, Harvard Kennedy School of Government.
    10. Richard B. Stewart & Michael Oppenheimer & Bryce Rudyk, 2017. "Building blocks: a strategy for near-term action within the new global climate framework," Climatic Change, Springer, vol. 144(1), pages 1-13, September.
    11. Joel E. Smith & Johannes Urpelainen, 2017. "Removing fuel subsidies: How can international organizations support national policy reforms?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(3), pages 327-340, June.

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    More about this item

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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