Third International Conference on Financing for Development: Addis Ababa Action Agenda 2015, para. 31
Paragraph
Paragraph text
We reaffirm the commitment to rationalize inefficient fossil-fuel subsidies that encourage wasteful consumption by removing market distortions, in accordance with national circumstances, including by restructuring taxation and phasing out those harmful subsidies, where they exist, to reflect their environmental impacts, taking fully into account the specific needs and conditions of developing countries and minimizing the possible adverse impacts on their development in a manner that protects the poor and the affected communities.
Legal status
Negotiated soft law
Body
United Nations General Assembly
Document type
Declaration / Confererence outcome document
Means of adoption
Consensus
Topic(s)
Economic Rights
Environment
Person(s) affected
All
Year
2015
Paragraph type
Other
Reference
Third International Conference on Financing for Development: Addis Ababa Action Agenda (2015), A/RES/69/313, Annex, para. 31.