An important insight from article is that fossil fuels subsidies can be framed in ways that emphasize, respectively, their macroeconomic, fiscal, environmental, and distributive consequences. The article finds that institutional interaction lifted OECD involvement in fossil fuel subsidies to a new level, whereas the impetus to address fossil fuel subsidies within the IMF came largely from the IMF staff. In both cases, the organization’s bureaucracy constituted the most important factor shaping how the organizations addressed such subsidies and hence the main reason why they differ in how they approach fossil fuel subsidies.
Skoovgard on competing approaches to fossil fuel subsidies
NEW FROM OUR RESEARCHERS: Jakob Skovgaard has published the article "The devil lies in the definition: competing approaches to fossil fuel subsidies at the IMF and the OECD” in the journal “International Environmental Agreements”. The article concerns how the IMF and the OECD have addressed subsidies to fossil fuels in different ways and which factors that induced them to address them the way that they did.
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