BIOFIN Webinar: Reforming and Greening Harmful Subsidies
As part of its webinar series on finance solutions, BIOFIN organize on 29th of March at 4:00 pm Paris time (10:00am NYC time) a webinar on reforming and greening harmful subsidies in collaboration with GIZ and OECD.
Public subsidies, direct or indirect, may produce unintended consequences to the environment and biodiversity. Subsidies can take many forms from construction and development tax breaks to the provision of free chemical/damaging fertilizers in agriculture. While there is evidence and sound economic arguments on the rationale of reforming these economic and fiscal measures, there is still limited evidence and guidance on the environmental damage of subsidies and on the financial savings that can be obtained by reallocating public resources to more effective spending. The Webinar will look at emerging trends and responses to the challenge of reforming subsidies harmful to biodiversity.
The webinar will comprise three different parts:
- GIZ will outline the relevance of harmful subsidies for sustainable development; elaborate how to overcome the different obstacles. Then develop few experiences from German bilateral cooperation. (20min)
- The OECD presentation will cover insights and experiences with the reform of harmful subsidies, and describes how the OECD measures government support to agriculture and to fisheries.(25min-30min)
- Q&A and discussion session (30 min).
Facilitator: Massimiliano Riva (UNDP)
Speakers: - Eike Meyer (GIZ)
- Katia Karouzakis (OECD)
- Dimitris Diakosavvas (OECD)
- Roger Martini (OECD)