This report maps the design, legal structure, and governance arrangements of tax incentives across 105 national investment laws to support better coordination among the institutions that shape these policies and help countries attract quality investment.
Public financial flows including subsidies, state-owned enterprise investments, and international public finance remain fundamentally misaligned with climate and energy security goals, and leaving households and businesses vulnerable to global fossil fuel markets, new analysis finds.
New analysis finds that in 2024, public financial support for fossil fuels exceeded USD 1.2 trillion, compared with USD 254 billion for clean energy—meaning fossil fuels still received around five times more public support than renewables.
“Countries are going into Santa Marta with the energy crisis at the top of most of their minds. They have a visceral reminder of just how volatile, unpredictable, and unstable it is to rely on fossil fuels,” said IISD's Natalie Jones.
Ahead of the Santa Marta Conference, this session will bring together experts and practitioners to examine how international roadmaps to transition away from fossil fuels can complement national planning and strengthen multilateral and plurilateral cooperation.