This paper seeks, where possible, to quantify the costs of subsidies and external costs so that the impact of these policies can be understood. By way of comparison, the costs are presented alongside analysis of the costs and impacts of solar and wind energy.
October 2, 2017
(Originally written in German, below is a preview of translated copy)
Reduction and redistribution of fossil fuel subsidies (FFS) is a profound fruit for the financing and implementation of the global sustainable development targets (SDGs) of the UN Agenda 2030. First, FFS reform has a broad support base ranging from sustainable development to radical Advocates of free market and lean state enough.
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.
A new report from the Nordic Council of Ministers finds that redirecting fossil fuel subsidies toward the clean energy transition could help climate vulnerable countries reap major savings while slashing greenhouse gas emissions.
If we aim to reduce global emissions in order to limit global warming to less than 2°C above pre-industrial levels, then the energy sector is of paramount importance.
Many countries and regions are making this switch: from subsidising fossil fuels and towards investing in sustainable energy. This report describes how Ethiopia, Morocco, Peru and the Philippines have reformed their subsidies. It also describes how countries including Denmark, Finland, Norway and Sweden have introduced innovative policy instruments to encourage switching towards renewable and sustainable energy.
This briefing note sets out some basic information about international experiences with “dual pricing”: selling the same fuel product at two different prices to different types of consumers.
It begins with a broad overview of information from international literature and then presents several detailed case studies.