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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.

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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Videos: Introducing the Subsidy SWAP

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.

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