Bonn Climate Change Conference side event on the analysis of the Fossil Fuel Subsidies in Brazil, Mexico and Argentina.
Posters of GSI supported events at COP 22 in Marrakech, Morocco.
Globally, governments spend more than US$ 500 billion annually to keep domestic prices for oil, gas and coal products artificially low. Fossil fuel subsidies increase carbon emissions and lock us into a high carbon future. Now is the time for their removal.
DURBAN - 7 December 2011 - As a side-event at the UNFCCC's 17th Conference of Parties, the GSI and the Friends of Fossil Fuel Subsidy Reform convened a high-level discussion The Missing Piece? Fossil Fuel Subsidy Reform and Climate Change. The event brought together responsible ministers and other high-level government representatives from Costa Rica, Denmark, Ethiopia, New Zealand, Norway, Sweden and Switzerland, as well as energy subsidy experts from all over the world. The discussion focused on the current state of global efforts to reform fossil-fuel subsidies and possible pathways going forward, including opportunities for integrating reform with national and international climate-change policies.