425 billion reasons for a change

Every year, world governments spend a colossal sum to lower the price of fossil fuels. That doesn’t make sense. New Zealand is pressing for a new solution to this global challenge, suggesting that global trade rules – the agreements that nearly all countries make about how they buy and sell to each other – are the key to powering change. The have recently made their case for subsidy reform to the World Trade Organisation, the one global institution that legally binds all of the major economies in the world. The full feature article and accompanying video are available on the New Zealand Ministry of Foreign Affairs & Trade website.