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Fossil Fuel Subsidy SWAPs

Fossil fuel subsidy reform enables governments the opportunity to redirect savings previously allocated to fossil fuel subsidies elsewhere in the budget. Governments are increasingly considering energy security, air pollution and climate change impacts.

Blog: A Long and Winding Road: COP 25 end notes

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.

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Reports: Fossil Fuel to Clean Energy Subsidy Swaps: How to pay for an energy revolution

When governments reform fossil fuel subsidies, there are many competing demands for how to reallocate resources, including spending on public health, education and social protection. This report makes the case for placing the promotion of clean energy alongside these other priorities and describes the economic, social and environmental benefits that such a move would bring, through a “subsidy swap.”

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