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Producer Fossil Fuel Subsidies

Producer subsidies are put in place to cut costs for fossil fuel producers. Some examples include tax breaks, public finance allocated specifically for fossil fuel production, and subsidies to state-owned enterprises.

Reports: Les subventions du gouvernement à la consommation et au développement d'hydrocarbures au Québec

The Québec Government has just announced the most ambitious GHG emissions reduction target in Canada – a reduction of 37.5% below 1990 levels by 2030. The province would like to reduce the amount of petroleum-based products used by 40% between now and 2030 and increase the total amount of renewable energy being produced by 25% above the current figure during that same period. 

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From Paris to Lofoten and Back: A Call for a Managed Decline of the Fossil-Fuel Industry

Two events this September set a new bar for climate change leadership. First, over 340 non-governmental organisations from 67 countries signed the Lofoten Declaration. This document calls for an end to exploration and expansion of new oil, gas and coal reserves, a managed decline of the oil, coal, and gas industry, and a just transition to a safer climate future.

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Blog: A Low-Hanging Fruit for Financing and Implementing SDGs: End Fossil Fuel Subsidies

Phase-out and reallocation of fossil fuel subsidies (FFS) is a low-hanging fruit for financing and implementing SDGs. First, it has a diverse support base of both sustainable development advocates and “government downsizers.” Second, instead of requiring financing like many sustainable development policies, it could free up hundreds of billions of dollars for implementing multiple SDGs.

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