Fossil Fuel Subsidies & Climate Change

Oil and gas pipelines in Canada have received over CAD 23 billion in government support since 2018.

This report lays out concrete options for governments to achieve net-zero and sustainable development goals by using recovery spending to support the transition to clean energy and a resilient, fossil-free economy.

COP 25 nearly didn’t happen at all, on account of mass protests in Santiago, Chile, the planned host city; at the last minute, it moved to Madrid, Spain, forcing some who were planning to attend to instead watch from afar.

It’s been 10 years since the G20 committed to phasing out inefficient fossil fuel subsidies. Still, across the globe, these subsidies remain high, with spending estimated at US$526 billion in 2018. HELP SPREAD THE WORD ABOUT THE NEED FOR FOSSIL FUEL SUBSIDY REFORM!  Watch these video clips and share with your network using the hashtag #stopfossilsubsidies

This working paper models 26 countries and finds national average emission reductions of 6 per cent from the removal of fossil fuel subsidies. For every tonne of CO2e removed through FFSR, governments save an average of USD 93. Global emission reductions from reforms are between 6.4 and 8.2 per cent by 2050. Countries can consider the carbon reduction co-benefits from FFSR and taxation within second-generation Nationally Determined Contributions.