Tackling Fossil Fuel Subsidies and Climate Change: Levelling the energy playing field
Subsidies for the consumption of fossil fuels were estimated at US$550 billion in 2013, according to the International Energy Agency.
This report by IISD and the Nordic Council of Ministers modeled the impact of removing fossil fuel subsidies in 20 countries between 2015 and 2020. The results show that this alone would reduce national emissions, against business as usual, by an average of 11 per cent. By taking 30 per cent of subsidy savings, and investing in renewable energy and energy efficiency, national emissions are reduced further to an average of 18 per cent by 2020. The report also includes case studies of reform in the Philippines, Morocco and Jordan.
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IISD Trade and Sustainability Review, Volume 1, Issue 1, November 2020
This inaugural edition of IISD's Trade and Sustainability Review features analytical pieces and commentaries on a series of topics at the forefront of the trade and sustainability discussion, from subsidy reform efforts at the World Trade Organization to the impact of COVID-19 on export markets.
G20 Backtracks on Fossil Fuel Funding Phase-Out in COVID-19 Recovery
G20 governments’ marginal progress in decreasing support to fossil fuels will likely be undone this year by response to COVID-19, researchers say.
Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding
This study tracks, for the first time, each G20 country's progress on ending support for fossil fuels — ranking their transparency, commitments, and financial support to oil, gas, and coal.
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