A Guidebook to Reviews of Fossil Fuel Subsidies: From self-reports to peer learning
With a global value of at least USD 425 billion a year, fossil fuel subsidies are often a fiscal burden, economically inefficient, socially regressive and environmentally harmful. From 2014 to 2016, over 50 countries removed some form of subsidies to fossil fuels through price and government policy changes.
This guidebook supports countries who intend to undertake self- or peer review of fossil fuel subsidies by clearly explaining the different elements of a review and providing case studies as to how countries have approached and undertaken reviews. The guidebook takes readers through a step-by-step approach to identifying and defining fossil fuel subsidies, reviewing the scope of a review, measuring subsidies, evaluating them and identifying the next steps towards the reform of subsidies. Country case studies are included from China, Finland, New Zealand, Peru and Sweden. Practical annexes are included that explain international commitments on fossil fuel subsidies, templates for identifying and reporting fossil fuel subsidies, and principles to follow for a review process. The guidebook supports country efforts around transparency on fossil fuel subsidies as the first step towards reform by sharing lessons and experiences from other countries.
You might also be interested in
Time's Running Out on Canada's Inefficient CAD 8.6 Billion of Support for Big Oil
The clock is ticking on two of the federal government’s promises to make tangible progress to stop subsidizing and funding fossil fuels by the end of 2022. But the government continues to provide huge support to the industry, and while lower than the previous year, it is still over CAD 8.6 billion.
Investor Perspectives on Accelerating Growth in the Indian EV Ecosystem
This report takes stock of India’s current EVs ecosystem and where the sector may be heading in the future, with a focus on drivers of and barriers to investment.
Switching Fossil Fuel Subsidies in Indonesia to Support a Green Recovery
This brief looks at how Indonesia can start actively promoting renewable energy by removing the existing hurdles to its deployment—such as unattractive renewable energy feed-in tariffs and land and infrastructures barriers—and switching public support from fossil fuels to renewables to meet the country’s clean energy targets.
Indonesia's fiscal support for fossil fuels too large: IISD
The Indonesian government's fiscal support for fossil fuels is still too large, so it has the potential to slow down the energy transition and drain the public budget, according to the International Institute for Sustainable Development (IISD).