David Victor Publishes Study for the Global Subsidies Initiative
The Politics of Fossil-Fuel Subsidies
12/01/2009
David G. Victor,
The Global Subsidies Initiative
Professor David Victor contributed the first in a series of papers commissioned by the Global Subsidies Initiative at the International Institute for Sustainable Development. The series, titled "Untold Billions: Fossil-Fuel Subsidies, Their Impacts, and the Path to Reform," is part of GSI's program to identify, measure, and analyze the effects of fossil-fuel subsidies.
Victor's paper, titled "The Politics of Fossil-Fuel Subsidies," argues that the failures to reform subsidies are mainly due to failures to appreciate the political economy of subsidy policies. Reform is often not viable politically without a strategy to compensate powerful groups. Successful subsidy reforms often require broader reforms and improvement in public administration to create mechanisms that can compensate political losers.
To download a copy of Victor's paper, click here.
To read more about the Global Subsidies Initiative, click here.
Related Links
David Victor is director of the Laboratory on International Law and Regulation, based at the School of International Relations and Pacific Studies.
Click here to visit David Victor's website.
