COP 27 Side Event | Financing the Energy Transition: The dangers of fossil fuel subsidies and false solutions

Financing a fair energy transition is a challenge: it involves mobilizing and directing resources toward renewable energy sources and moving away from fossil fuel revenues. Furthermore, governments are increasingly redirecting subsidies toward potentially dangerous distractions, including fossil fuel-based hydrogen and carbon capture and storage.

This event will provide insights from different geographic regions—including Brazil, Argentina, Indonesia, South Africa, Canada, and India—with speakers taking a close look at the trends, challenges, and opportunities associated with ending fossil fuel subsidies, as well as the unproven technologies that could delay the energy transition.

Speakers

Iara Pietricovsky, President, International Forum of NGO Platforms (FORUS)

Guillermina French, Research Assistant, Fundación Ambiente y Recursos Naturales (FARN)

Livi Gerbase, Policy Adviser, Instituto de Estudos Socioeconômicos (INESC)

Julia Levin, Senior Climate and Energy Program Manager, Environmental Defence Canada (EDC)

Chido Muzondo, Policy Advisor, International Institute for Sustainable Development (IISD)

Shruti Sharma, Senior Policy Advisor, IISD