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Friends of Fossil Fuel Subsidy Reform

The Friends of Fossil Fuel Subsidy Reform is an informal group of non-G20 countries working to build political consensus on the importance of fossil fuel subsidy reform.

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Collaborations with GSI

Events: COP 23: Financing Paris and the SDGs through Fuel Subsidy Reform and Taxation - Country Best Practice

Practical country and international efforts to remove fossil fuel subsidies and invest in renewables, public transport and energy efficiency. Phasing out USD 500 billion subsidies and introduction of fuel taxation has emissions reduction potential of 23% and liberates finance for sustainable energy. This is an FFSR side event at COP 23.

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Change Makers Leap Forward as Momentum for Fossil Fuel Subsidy Reform Grows

There is a pressing “need for faster reform, urgency and political commitment.”[1] These were the opening highlights of the fifth high-level event on fossil fuel subsidy reform, organized by the Friends of Fossil Fuel Subsidy Reform (“Friends”), Global Subsidies Initiative and the World Bank on April 21, in the context of the 2017 International Monetary Fund and World Bank Spring Meetings held in Washington, D.C.

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Blog: Government Subsidies to Fossil Fuels are 22 Times Larger than Government Support to Adaptation on Climate Change

25 May—Bonn, Germany—Over the last two weeks, countries met in Bonn to discuss the implementation of the 2015 Paris Agreement on Climate Change. Fiscal instruments—such as fossil fuel subsidy reform, fuel duty and carbon taxation—were raised throughout the meeting, which was supported by the Global Subsidies Initiative of IISD and the Friends of Fossil Fuel Subsidy Reform (Friends of FFSR). 

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Fossil Fuel Subsidy Events at the IMF and World Bank Spring Meetings

Washington—16-17 April—The Global Subsidies Initiative (GSI) supported a group of 8 countries―known as the Friends of Fossil Fuel Subsidy Reform (Friends)―in organizing two high-level events at the Spring Meetings of the IMF and the World Bank. The Friends group consists of Costa Rica, Denmark, Ethiopia, Finland, New Zealand, Norway, Sweden and Switzerland.

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Events: Maximizing Contributions to Emissions Mitigation From Fossil Fuel Subsidy Reform

Lima—December 10—The Global Subsidies Initiative is organizing an event on "Maximizing Contributions to Emissions Mitigation from Fossil Fuel Subsidy Reform" on December 10, 15:00-16:30, CoP 20, Machu Picchu Room.  According to the International Energy Agency, subsidies to fossil fuels totalled around $548 billion in 2013, which is more than four times the value of global subsidies to renewable energy—it is also mor

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Blog: GSI Launch - A Series of Reports on Fossil-Fuel Subsidies, "Untold Billions"

PARIS – 3 June 2010 – The Global Subsidies Initiative (GSI) presented its latest research on fossil-fuel subsidies today in an event at the Organisation for Economic Co-operation and Development's (OECD) headquarters in Paris, emphasizing in particular the challenges involved in understanding subsidies to the producers of fossil fuels. The event also hosted speakers from the New Zealand Ministry of Foreign Affairs, who announced a new initiative to support reform, and the French Ministry of Finance, who provided an update on the G-20's commitment to rationalize and phase out fossil-fuel subsidies, in anticipation of the G-20 Leaders' Summit on 26-27 June in Toronto.

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