PM Theresa May has offered to help wean Saudi Arabia off oil, but her government’s subsidies to North Sea producers are a poor model for the Middle East petrostate.
On Thursday February 16, 2017, IISD’s Global Subsidies Initiative presented a webinar which convened experts who have crunched the numbers on both fiscal and climate benefits of ending fossil fuel subsidies at the level of countries, markets, and the entire world. This is a recording of that webinar.
This commentary takes a very preliminary look at consumer fossil fuel subsidies in Saskatchewan. Our initial research identifies roughly CAD 182 million in 2015 in the form of financial supports for the consumption of fossil fuels.
What are the most encouraging stories of reform to fossil fuel production subsidies—and the most frustrating? Which countries are showing leadership, and which are lagging behind?