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Subsidy Reform and Sustainable Development

Political Economy Aspects

image of Subsidy Reform and Sustainable Development

Unsustainable subsidies are pervasive in the industry, agriculture, transport and energy sectors of most OECD countries. They are expensive for governments and can have harmful environmental and social effects. Eliminating these supports requires comprehensive approaches which are supported by top political leadership, transparent in their potential effects on all parties, consistent over the long-term, and often accompanied by transition supports. This volume uses sectoral case studies to illustrate that achieving change in structural policies such as subsidies depends largely on good governance practices.

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Fisheries

The fisheries of the European Union (EU) provide an example of how fisheries subsidies applied within a weak management system can be environmentally harmful. Furthermore, given the long history of EU fisheries subsidies, they present a pertinent case study of subsidy reform.

English

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