Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Minister calls on WTO to support fossil fuel subsidy reform

Hon David Parker
Minister for Trade and Export Growth

12 December 2017

Minister calls on WTO to support fossil fuel subsidy reform

Minister for Trade and Export Growth David Parker today started a dialogue to encourage the World Trade Organisation (WTO) to address the global harm being caused by inefficient fossil fuel subsidies.

“Each year, Governments are spending at least $425 billion subsidising the production and sale of coal, oil, gas and other greenhouse gas emitting fuels,” says Mr Parker. “We want to change this.

“This money could be better used to pursue other development goals or invest in the renewable energy sector.

Mr Parker co-hosted an event with Finland to deliver a Ministerial statement to the WTO on Fossil Fuel Subsidy Reform (FFSR).

Endorsed by twelve other WTO Members, the statement confirms the environmental, development and trade benefits of fossil fuel subsidy reform, especially the most inefficient ones that encourage waste and includes a political commitment by participants to look at avenues to bring the issue into the WTO.

“Phasing out fossil fuel subsidies will offer huge opportunities for promotion of sustainable development, renewable energy, removal of trade distortions and the reduction of global warming” says Mr Parker.

“A partial phase-out of subsidies would contribute to climate change mitigation efforts and the Paris Agreement. Removing fossil fuel subsidies for consumption alone could lead to the reduction of global emissions by between 6-8% by 2050.”

“I believe that trade policy can contribute to global environmental solutions and we will be making appropriate steps to achieve that,” says Mr Parker.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The West’s Role In Arming Khashoggi’s Killers

The cliché about one death being a tragedy and a million deaths only a statistic has been demonstrated in spades by the murder of the Saudi journalist Jamal Khashoggi.

Of all the crimes committed over the past decade by the Saudi regime, it has been this revenge killing ordered by the Saudi Crown Prince Mohammed bin Salman that has finally brought universal condemnation. More>>




MP Reportedly In Mental Health Care: Speaker Of The House Seeks Advice

After unleashing a volley of damaging allegations against his former leader, National's Simon Bridges, and his party, Jami-Lee Ross was reportedly taken into mental health care over the weekend. More>>

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>


Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>


Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>


Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>


Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>


Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>


Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>





InfoPages News Channels