The Elephant in the Room: How the G20 can veer from record fossil fuel support
In 2009, G20 governments committed to phasing out and rationalizing inefficient fossil fuel subsidies in the medium term, but 14 years later, the countries spent a record amount of public money to support coal, oil, and gas. What’s more, the issue of fossil fuel subsidies is notoriously absent in this year’s G20 agenda ahead of the Delhi Summit in September. With extreme weather events increasingly ravaging the globe, there is an urgent need to reduce our reliance on fossil fuels by shifting public financial flows away from them to directly support people and speed up the clean energy transition instead.
This webinar offered a first glimpse at the findings of a new study by the International Institute for Sustainable Development (IISD) and partners, examining the volume of public financial support for fossil fuels in the G20 last year. The event provides insights into how G20 countries can honour their subsidy reform commitments, with speakers taking a close look at the trends, challenges, and opportunities associated with ending public support for fossil fuels.
Aarti Khosla, Founder and Director, Climate Trends
Fanning the Flames: Study overview
Tara Laan, Senior Associate, IISD
Diala Hawila, Programme Officer, International Renewable Energy Agency
Nate Vernon, Economist, International Monetary Fund
Livi Gerbase, Policy Advisor, Instituto de Estudos Socioeconômicos
Matthew Watkinson, Executive Director of Current Analysis and Economic Research, Environment and Climate Change Canada
Shruti Sharma, Senior Policy Advisor, IISD
IISD at Adaptation Futures 2023
IISD will take part in several events at the Adaptation Futures 2023 conference in Montreal, Canada.
2023 Investment Policy Forum
The 15th Investment Policy Forum will be held in Panama City, Panama, from October 25 to 27, 2023. The event is organized by the International Institute for Sustainable Development (IISD) and hosted by the Government of Panama.
IGF 19th Annual General Meeting
This event will focus on sharing mining benefits in the energy transition. It will be held in-person on November 7–9, 2023 in Geneva, Switzerland.
Trade + Sustainability Hub 2024
Alongside the Thirteenth WTO Ministerial Conference (MC13) we will be running our Trade + Sustainability Hub, bringing together thought leaders from both within and outside governments for a series of conversations on the challenges of building cooperative trade policy that delivers for sustainable development.