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Press Release: Fossil Fuel Subsidy Reform Could Reduce CO2 Emissions Equivalent to Those of 1,000 Coal-Fired Power Plants While Saving USD 3 Trillion—New report

July 5, 2021—Reforming fossil fuel consumption subsidies in 32 countries could reduce global greenhouse gas emissions by almost 5.46 billion tonnes of CO2 by 2030, equivalent to the annual emissions of about 1,000 coal-fired power plants or 3.8 billion cars, according to a new report from the International Institute for Sustainable Development (IISD). The report finds that these reforms would also save governments nearly USD 3 trillion cumulatively by 2030.

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