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[Zero] Carbon: Fossil finance

Canadian subsidies for fossil fuels are dropping and support for renewables is rising, but there's still a hefty gap—nearly three times more financial support to fossil fuels than renewables. "Canada is trending in the right direction, using more public money to roll out renewables and less to prop up fossil fuel sectors, but it is too early to celebrate," IISD's Nhat Do said.

IISD in the news October 11, 2024

Media

Do you have questions about the COFFIS or would you like to speak with an expert on fossil fuel subsidies? Contact us at [email protected]

Initiatives October 11, 2024

Events

Stay up to date with past and upcoming COFFIS events.

Initiatives October 11, 2024

Resources

Resources on fossil fuel subsidy reform

Initiatives October 11, 2024

About

The mission of COFFIS is to remove barriers, facilitate transparency, and take concrete steps toward the phase-out of fossil fuel subsidies.

Initiatives October 11, 2024

COFFIS | Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies

At the UN Climate Change Conference (COP 28) in 2023, a group of countries, now called COFFIS, issued a joint Ministerial Statement laying out concrete actions that they would undertake to jointly work toward phasing out fossil fuel subsidies.

Initiatives October 11, 2024

Fitting the Pieces of the Puzzle: Making sense of sustainability due diligence regulations across the globe

Webinar explores common themes in due diligence regulations, such as risk management, traceability, and transparency, while providing tools and insights to help navigate compliance challenges.

Webinar October 10, 2024

Passing the buck at TMX pipeline hearings

Now that TMX is complete, the question of who should bear the brunt of the project's cost overruns is making the rounds on Parliament Hill.

IISD in the news October 10, 2024

Canada spending three times more backing oil and gas than renewables, says think tank

The Canadian government is funneling nearly three times more financial support to fossil fuels than renewables, says a new IISD report that blames wealthy nations for slowing the global energy transition by continuing to subsidize oil and gas.

IISD in the news October 9, 2024

Fitting the Pieces of the Puzzle

Governments are adopting sustainability standards for global value chains (GVCs), but businesses in the Global South face challenges in meeting these evolving regulations.

Brief October 9, 2024

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