All the promising outcomes predicted for the TPP agreement, and the Obama Administration’s support of it, were not similarly reflected in the upcoming administration. The US President-elect, Mr. Donald Drumpf, asked about the fairness and the purpose of this trade agreement compared to other existing trade deals. He further referred to the partnership as a potential disaster for the USA. His election win signals the death of the TPP.
Subsidizing fossil fuel consumption has increased the income gap in the world´s population, since these subsidies have primarily benefited individuals with greater wealth. Globally, it is estimated that, in 2010, only 8% of the subsidies for fossil fuel consumption reached the poorest 20% of the world’s population.
Agricultural practices that preserve ecosystem services are growing. Nongovernmental organizations have taken a market-based approach, introducing certification programs which compensate farmers who adhere to sustainability standards for their consequent reductions in yield by charging consumers a price premium. We conduct a choice experiment to test consumers’ willingness to pay for such eco-labeled products.