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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

SB 58 Side Event | Stocktake: Need for action on fossil fuel subsidy reform and shifting of other public financial flows

Saturday, June 10, 2023 - 05:45 - Saturday, June 10, 2023 - 07:00 |

This side event of the Bonn Climate Change Conference SB 58 will call for renewed momentum on reforming fossil fuel subsidies and shifting public financial flows to clean energy.

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Webinar | Fossil Fuel Subsidy Reform: Moving from commitments to action in 2022

Tuesday, February 1, 2022 - 08:00 - Tuesday, February 1, 2022 - 09:30 |

This webinar provides an update on the state of fossil fuel subsidy reform and what to expect from the G7, G20, and UNFCCC in 2022.

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Webinar | Fossil Fuel Subsidy Reform for Green Recovery and Greater Climate Ambition

Wednesday, September 15, 2021 - 08:00 - Wednesday, September 15, 2021 - 09:30 |

This virtual event will highlight the critical role that fossil fuel subsidy reform plays in building back better, increasing climate ambition, and motivating clean energy transition.

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News: “We must act now”: Ten governments call on world leaders to phase out fossil fuel subsidies

December 10, 2020

Geneva, December 10—In the lead-up to the 5th anniversary of the Paris Agreement, ten governments are calling on world leaders to turn their high-level commitments into urgent action and phase out inefficient fossil fuel subsidies.

HLPF Side Event: Leadership on fossil fuel subsidy reform for sustainable energy access and poverty reduction

Wednesday, July 18, 2018 - 18:30 - Wednesday, July 18, 2018 - 20:00 |

This side event presents opportunities for financing and delivering the SDGs through fossil fuel subsidy reform, with a focus on sustainable energy access.

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Fossil Fuel Subsidy Reform Research Suggests Emission Reductions Equivalent to at Least a Quarter of the Commitments Countries Made at Paris

February 8, 2018 | Laura Merrill , Ivetta Gerasimchuk , Peter Wooders , Andrea Bassi

Research released in a letter to Nature describes how a single policy instrument, fossil fuel subsidy reform (FFSR), could deliver carbon emission reductions of between 0.5 to 2 Gt, or between 1 and 4 per cent, globally by 2030.

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

Monday, November 13, 2017 - 18:30 - Monday, November 13, 2017 - 20:00 |

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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Videos: Scaling Up Green Energy Finance - Swapping Fossil Fuel Subsidies for Sustainable Energy Solutions

May 16, 2017

On Thursday, 11 May 2017, the event, ‘Scaling Up Green Energy Finance: Swapping Fossil Fuel Subsidies for Sustainable Energy Solutions, was presented by the IISD Global Subsidies Initiative (GSI), the Government of Denmark, the Nordic Council of Ministers (NCM) and the Friends of Fossil Fuel Subsidy Reform (FFFSR) in Bonn.

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

April 28, 2017 | Lourdes Sanchez

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.

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

June 2, 2016 | Laura Merrill

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).

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

April 22, 2015 | Lasse Toft

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.

Maximizing Contributions to Emissions Mitigation From Fossil Fuel Subsidy Reform

Wednesday, December 10, 2014 - 14:00 - Wednesday, December 10, 2014 - 15:30 | Laura Merrill

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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The Friends of Fossil Fuel Subsidy Reform: Supporting the G-20 and APEC commitments

February 7, 2011 | Friends of Fossil Fuel Subsidy Reform

The Friends of Fossil Fuel Subsidy Reform is a group of countries committed to supporting the reform of inefficient fossil-fuel subsidies. In this joint statement, the Friends outline why they formed and what they aim to achieve.

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

June 2, 2010

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.