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Landmark Agreement Curbing Harmful Fisheries Subsidies Awaits Ratification A Year After Adoption

This month marks the first anniversary of the World Trade Organization’s (WTO) historic Agreement on Fisheries Subsidies. The treaty, adopted at the WTO's 12th Ministerial Conference, established the first global, legally binding framework that limits subsidies for illegal, unreported and unregulated (IUU) fishing and fishing of overfished stocks, as well as subsidies to vessels fishing on the unregulated high seas. The agreement also calls for countries to exercise “due restraint” in providing subsidies to vessels that do not fly their country’s flag or those that fish stocks with unknown status.
IISD in the news June 2, 2023

Decentralized Solar Power Plants Can Be Win-Win Strategy For Farmers, Local Communities, State Governments And DISCOMs

The implementation of decentralized solar plants under the government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) program can boost farmer incomes, help India reach 50% of non-fossil power capacity by 2030, and improve the financial viability of distribution companies (DISCOMs), according to a new report launched today.
IISD in the news June 2, 2023

How Russia's War in Ukraine Threatens the Planet

Russia’s invasion of Ukraine in 2022 has resulted in the deaths so far of more than 8,700 Ukrainian civilians, including more than 500 children. It has caused a massive drop in the country’s economic output, with GDP declining by 29.1 percent.
IISD in the news May 31, 2023

Oil sands face uncertain future in post-peak world

Supporters and critics of Canada’s oil sands sector are broadly optimistic in their short- and medium-term outlooks, but they diverge sharply when looking further ahead. In the longer term, proponents are optimistic about Opec+ cohesion and crude prices as global oil consumption declines, but others are pessimistic. This leads to differing views on how the federal government should spend its decarbonisation dollars. Petroleum Economist interviewed G. Kent Fellows, a professor at the University of Calgary, and Aaron Cosbey, a senior associate at Winnipeg-based International Institute for Sustainable Development to learn more.
IISD in the news May 31, 2023