Fossil Fuel Subsidies, Public Finance and Leveraging Investment for Sustainable Energy via SWAPs (Nordic Clean Energy Week)
Fossil fuel subsidies increase energy consumption and act as a barrier to clean energy technologies. As part of the Nordic Clean Energy Week, this event will discuss the potential for reform of fossil fuel subsidies and reallocation of a proportion of the savings to fund the transition to clean energy.
Examples of subsidy SWAPs can take the form of direct reallocation of funds, for example, removal of subsidies to kerosene for lighting and reallocation to solar technologies.
SWAPs have the potential to fund mechanisms that drive private sector renewable energy investment and bring about a clean energy transition. Participants interested in how fossil fuel subsidy reform can accelerate a clean energy transition should attend this event to find out more.
- GSI/IISD will be hosting a panel discussion on clean energy subsidy swaps, using savings from subsidy reforms to fund the clean energy transition, at Nordic Clean Energy Week in Copenhagen on 23 May.
- The event will discuss the experience of fossil fuel subsidy reforming governments and Nordic donors including the government of Denmark and the Nordic Council of Ministers in supporting work aiming to promote fossil fuel subsidy reform.
- From the non-governmental perspective Peter Wooders, Group Director, Energy, IISD will discuss experiences from GSI's SWAPs project promoting clean energy through subsidy reform.
- The event should be attended by delegates from Clean Energy Ministerial and Nordic Clean Energy Week interested in solutions to fund the energy transition from fossil fuel subsidy reform.
- The event poster is available here.
Ved Stranden 18, 1061 Copenhagen
Contact Richard Bridle, [email protected]