Revealing the scale of subsidies to fossil fuels
Most governments around the world, rich and poor alike, encourage fossil fuel production or consumption with financial support. Globally, subsidies to fossil fuels may be on the order of US$ 500 billion per year, of which about US$ 100 billion is provided to producers. Nobody knows the real number, however, because there is no international framework for regularly monitoring fossil-fuel subsidies.
In 2007, a feasibility study for the estimation of fossil-fuel subsidies was conducted by the EPFL (ETH Lausanne) with inputs from the Global Subsidies Initiative (GSI) and Paul Scherrer Institut (PSI).
Following this study, the Global Subsidies Initiative launched a full research program into fossil-fuel subsidies, the results of which can be found here.
You might also be interested in
Summary Report | Natural Solutions for Water Security: Canada’s policy path forward
Summary of Natural Solutions for Water Security: Canada’s Policy Path Forward, highlighting key opportunities and an emerging action agenda to scale natural infrastructure.
Through Their Eyes
Across Belize, women, young people, and other underrepresented groups are documenting how climate change is affecting their communities and how they are responding. Through mobile photography and storytelling, participants in the Climate Adaptation and Protected Areas (CAPA) Initiative’s storytelling project are sharing their experiences in their own words, offering a personal look at resilience and adaptation in action.
A Guide to Guarantees for Sovereign Debtors
A guide to deploying sovereign guarantees to mobilize capital and support sustainable development while managing fiscal risks.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.