Raising Ambition Through Fossil Fuel Subsidy Reform: Greenhouse gas emissions results modelling from 26 countries
This working paper models 26 countries and finds national average emission reductions of 6 per cent from the removal of fossil fuel subsidies. For every tonne of CO2e removed through FFSR, governments save an average of USD 93. Global emission reductions from reforms are between 6.4 and 8.2 per cent by 2050. Countries can consider the carbon reduction co-benefits from FFSR and taxation within second-generation Nationally Determined Contributions.