According to the International Monetary Fund, fossil fuel subsidies totalled 7 trillion USD in 2023, thus exacerbating further the climate crisis.
The Villars Framework for a Sustainable Trade System is a World Trade Organization reform agenda developed by a global network of researchers and policymakers under a banner called Remaking Trade Project.
In this partner video, find out how parliamentarians can support subsidy reform to better align with the concept of sustainable development.
Supported by ASU Julie Ann Wrigley Global Futures Laboratory.
Find out more about the IPU’s campaign Parliaments for the Planet designed to mobilize parliaments to act on the climate emergency.
