GSI-UNEP Joint Conference Report: Increasing the Momentum of Fossil-Fuel Subsidy Reform - Developments and Opportunities
In the last 12 months, the reform of fossil-fuel subsidies has been high on international agendas: the G-20 and APEC have committed to phasing out inefficient fossil-fuel subsidies and the Friends of Fossil-Fuel Subsidy Reform group of countries was established, to encourage and support the G-20 initiative.
Despite these ongoing developments, little is known about the strategies, progress or timelines of different national governments and international forums. To facilitate a deeper understanding of the issues, activities and opportunities for international collaboration, the Global Subsidies Initiative (GSI) and the United Nations Environment Programme (UNEP) held a two-day conference, Increasing the Momentum of Fossil-Fuel Subsidy Reform: Developments and Opportunities, in order to bring together country delegates and experts from international organizations, NGOs, universities and the industrial sector.
The event featured representatives from international organizations such as the OECD, UNEP, World Bank, WTO and OPEC, as well as international forums such as G-20, APEC and the Friends group of countries that support reforming fossil-fuel subsidies, who shared and reviewed their perspectives and activities. It discussed not only the scale and impacts of consumer and producer subsidies, but especially focused on international developments, reform strategies and opportunities for enhanced international cooperation. The conference report summarizes the presentations and discussions of the two-day conference and includes a resource list of relevant documents and research reports.
You might also be interested in
The Strait of Hormuz Crisis Emphasizes Why Canada Should Move Away From Oil and Gas—Not Expand It
The closure of the Strait of Hormuz cut off roughly 25% of the world’s seaborne oil and 20% of LNG trade. In response, many countries are diversifying supply chains and increasingly ramping up domestic renewable capacity to improve energy security. Meanwhile, the Government of Canada has taken steps to expand oil and gas production.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.
Removing a Fossil Fuel Subsidy Is a Means, Not an End—The transition is the point
COFFIS is an international coalition working to phase out fossil fuel subsidies. Kim Solberg, part of the team that founded COFFIS, sits down to explain what made it possible—and why, in her view, a subsidy can only be removed as part of the wider transition it's meant to serve.
IISD Submission to the Belém Mission to 1.5
This submission is made in response to the invitation from the United Nations Climate Change Conference (COP) 29, COP 30, and COP 31 Presidencies on the Belém Mission to 1.5.