As the fossil fuel subsidies are expected to swell following the rapidly rising energy prices, IISD offers a background note on the rationale and international initiatives for the reform of fossil fuel subsidies.
Reports: International Best Practices: Estimating tax subsidies for fossil fuels in Canada
This report outlines international best practices in defining and estimating tax subsidies and other foregone government revenue, countering common misconceptions.
News: “We must act now”: Ten governments call on world leaders to phase out fossil fuel subsidies
December 10, 2020
Geneva, December 10—In the lead-up to the 5th anniversary of the Paris Agreement, ten governments are calling on world leaders to turn their high-level commitments into urgent action and phase out inefficient fossil fuel subsidies.
Press Release: World’s Governments Must Wind Down Fossil Fuel Production by 6% Per Year to Limit Catastrophic Warming
December 1, 2020A special Production Gap Report finds COVID-19 recovery must be a turning point to avoid locking in fossil fuels production inconsistent with a 1.5°C limit.
Reports: Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding
November 9, 2020
This study tracks, for the first time, each G20 country's progress on ending support for fossil fuels—ranking their transparency, commitments, and financial support to oil, gas, and coal.
July 7, 2020 |Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.
Press Release: Subsidies to renewables drop 35% as oil and gas subsidies go up 65%, next months to define future trends in India’s energy sector — report
April 15, 2020New Delhi, April 16 – India’s renewable energy subsidies fell 35% from FY17 to FY19, while its oil and gas subsidies increased by 65%, according to a new study entitled Mapping India’s Energy Subsidies 2020, released today by the International Institute for Sustainable Development (IISD) and the Council on Energy, Environment and Water (CEEW).
Reports: Canada's Federal Fossil Fuel Subsidies in 2020
February 20, 2020
Federal fossil fuel subsidies in Canada reached at least CAD 600 million in 2019, but more transparency is needed from government to understand the full picture.