Webinar: Fiscal Instruments and Energy Subsidies within Nationally Determined Contributions

Following the success of the agreement of UNFCCC talks in Paris it is clear that the urgent and early effort to reform government subsidies to fossil fuels can be considered alongside other energy carbon mitigation actions that countries have at their disposal through the use of economic instruments.

Sixty-eight countries recognised the role of economic instruments within their NDCs, with 13 including fossil fuel subsidy reform. The removal of energy subsidies to fossil fuels is estimated to lead to emission reductions of USD 93 per tonne of CO2.

This webinar enabled participants to:

• understand the process of fuel tax reforms and links to sustainable development and climate resilient energy systems;
• understand how countries have practically incorporated this within their INDC based on previous or planned policy changes;
• learn more about existing models available to assess the removal of government subsidies to consumers and producers of fossil fuels on emissions baselines and intensities;
• the next steps for technical support regarding monitoring, reporting and verification from changes in economic instruments for climate mitigation outcome; and
• discuss opportunities for building bankable projects.

Speakers were:

• Satryo Bramono Brotodiningrat, First Secretary, Permanent Mission of the Republic of Indonesia to the UN, WTO and other International Organization
• Ivetta Gerasimchuk, Global Subsidies Initiative, IISD
• Laura Merrill, Global Subsidies Initiative, IISD
• Phillip Gass, IISD

This is a recording of the event.

For more information please contact Laura Merrill at [email protected].