Despite their numerous commitments, not only have G7 governments taken limited action to address fossil fuel subsidies, but they have also failed to put in place any mechanisms to define and document the full extent of their support to oil, gas and coal, or to hold themselves accountable for achieving these pledges. The G7 fossil fuel subsidy scorecard aims to address this accountability gap and track, for the first time, each G7 country’s progress in phasing out fossil fuel subsidies across seven indicators.
Want to know how you can help accelerate the transition from fossil fuels to clean forms of energy? Subsidy SWAPs aim to reform subsidies to fossil fuels and use the savings to fund the transition to clean energy, supporting investment in energy systems like renewables, energy efficiency and public transportation. IISD's Global Subsidies Initiative works with governments and partners to help remove fossil fuel subsidies that work against sustainable development. This video was supported by the Danish Ministry of Energy, Utilities and Climate and the Nordic Council of Ministers.
In November 2015, the Canadian province of Alberta committed to a phase-out of coal power by 2030. The phase-out of coal power in Alberta will involve the retirement of over 40 per cent of Alberta’s 2016 installed capacity and the de facto phase-out of local thermal coal mines.
The Québec Government has just announced the most ambitious GHG emissions reduction target in Canada – a reduction of 37.5% below 1990 levels by 2030. The province would like to reduce the amount of petroleum-based products used by 40% between now and 2030 and increase the total amount of renewable energy being produced by 25% above the current figure during that same period.
Uttar Pradesh, India’s most populous state, is home to the country’s largest number of people without electricity access: as of late 2017, 14.6 million households—49 per cent of the state’s total—are yet to be electrified.
As part of its work on energy policy and sustainable development in Indonesia, the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD) publishes a regular briefing on issues related to energy subsidies.
This paper explores the concept of financial sustainability and proposes a framework to analyze electricity sectors based on this concept. Financial sustainability, as defined here, includes assessment of factors that directly present a cost—such as pricing electricity below the cost of production—in addition to those which may lead to additional costs in the future, such as an inability to make investments to respond to changes in demand.
This paper seeks, where possible, to quantify the costs of subsidies and external costs so that the impact of these policies can be understood. By way of comparison, the costs are presented alongside analysis of the costs and impacts of solar and wind energy.