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.
I recently attended the 4th Berlin Energy Transition Dialogue, where I participated in a panel discussion alongside ministers and senior experts assembled to share what we can learn from these and other experiences in the transition away from coal, oil and gas around the world.
Research released in a letter to Nature describes how a single policy instrument, fossil fuel subsidy reform (FFSR), could deliver carbon emission reductions of between 0.5 to 2 Gt, or between 1 and 4 per cent, globally by 2030.
This paper explores the concept of financial sustainability and proposes a framework to analyze electricity sectors based on this concept. Financial sustainability, as defined here, includes assessment of factors that directly present a cost—such as pricing electricity below the cost of production—in addition to those which may lead to additional costs in the future, such as an inability to make investments to respond to changes in demand.