Amendment 1
| Doc. 14401
| 09 October 2017
Committee on Social Affairs, Health and Sustainable Development
In the draft resolution, at the end of paragraph 2.2, insert the following words:
", and is targeted with due regard to their international obligations, in particular the Paris Agreement;"
Explanatory Note :
Developed countries subsidise the fossil fuel industry by paying the cost of externalities (air pollution and climate change) and through preferential treatment, tax breaks or direct subsidies. A fiscal stimulus package may stimulate short-term growth at the expense of long-term sustainable development.
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