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Tackling Fossil Fuel Subsidies and Climate Change

Levelling the energy playing field

image of Tackling Fossil Fuel Subsidies and Climate Change

This report presents research on fossil fuel subsidy reform across 20 countries and reveals an average reduction in national GHG emissions of 11% by 2020 from potential reform, and savings of USD 93 per tonne of CO2. With modest recycling of resources to renewables and energy efficiency, reductions can be improved. Countries are including reforms in contributions towards a climate agreement. Authored by the Global Subsidies Initiative as part of the Nordic Prime Ministers' green growth initiative www.norden.org/greengrowth

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Acknowledgements

This research would not have been possible without the consistent support of the Nordic Council of Ministers over the last two years, as well as ongoing and crucial support from donors to the GSI: Denmark, Norway and Sweden. Ongoing support and outreach from the Friends of Fossil Fuel Subsidy Reform for supporting the issue since 2010 and particularly in the context of UNFCCC. With thanks to Morocco and Indonesia for testing the research and also to those economists, researchers and collegues who reviewed the model and paper.

English

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