IISD in the news

Want to cut global emissions by 10%? Stop fossil-fuel subsidies

The IPCC report released on Monday (March 20) has an idea for shaving off as much as 10% of the world’s greenhouse gas emissions (GHG) by 2030: end fossil fuel subsidies once and for all. A tenth of greenhouse gas emissions is a large slice and would go a long way in preventing global temperatures from rising above 1.5 degrees Celsius (2.7 degrees Fahrenheit), the threshold above which the catastrophic impacts of climate change will become increasingly difficult to manage. The overall cut in emissions required to achieve that goal is 45%.

March 23, 2023