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Fossil Fuel Subsidies & Climate Change

Fossil fuel subsidies contribute to climate change by depressing the price of fossil fuels, encouraging greater production and consumption, and consequently emissions. These hold us back from delivering the Paris agreement and building the sustainable energy systems needed in the 21st century.

Policy Briefs: Fossil Fuel Phase-Out and a Just Transition: Learning from stories of coal phase-outs

In their closing statement at the UNFCCC COP 23 in 2017, the world’s 47 least developed countries requested that the Talanoa Dialogue include “managing a phaseout of fossil fuels”. The 2018 Talanoa Dialogue is a crucial opportunity to increase climate mitigation ambition and effectiveness by putting fossil fuel phase-out on the international climate agenda.

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Blog: From Paris to Lofoten and Back: A Call for a Managed Decline of the Fossil-Fuel Industry

Two events this September set a new bar for climate change leadership. First, over 340 non-governmental organisations from 67 countries signed the Lofoten Declaration. This document calls for an end to exploration and expansion of new oil, gas and coal reserves, a managed decline of the oil, coal, and gas industry, and a just transition to a safer climate future.

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Blog: 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: A Low-Hanging Fruit for Financing and Implementing SDGs: End Fossil Fuel Subsidies

Phase-out and reallocation of fossil fuel subsidies (FFS) is a low-hanging fruit for financing and implementing SDGs. First, it has a diverse support base of both sustainable development advocates and “government downsizers.” Second, instead of requiring financing like many sustainable development policies, it could free up hundreds of billions of dollars for implementing multiple SDGs.

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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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