IISD in the news

Cheap oil helps India phase out fuel subsidies

"According to the International Institute for Sustainable Development, around 30 countries trimmed their fossil fuel subsidy programs over the past year. That is why, countries such as Indonesia, Egypt, China – and as Mr. Subramanian noted – India have been able to achieve subsidy reform. Without the fall in oil prices, there would be little appetite to implement such unpopular measures."

July 29, 2015