Delivering on G-20 Commitments: The path to fossil-fuel subsidy reform
In September 2009, at the Pittsburgh Summit, G-20 leaders recognized that "inefficient fossil-fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change," and committed to phasing out and rationalizing inefficient fossil-fuel subsidies that lead to wasteful consumption.
This GSI policy brief summarizes what has since been done to date, including at Leaders' Toronto Summit in June 2010. The policy brief outlines a roadmap for progressing the phase out of harmful fossil-fuel subsidies and recommends six actions that G-20 Leaders could take to deliver on their commitment at the upcoming Seoul Summit on November 11-12, 2010.
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