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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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Jordan

Jordan is a clear example of the link between reforms of consumer fossil fuel subsidies and emissions reductions due to an initial demand decrease. However, it perhaps also represents a missed opportunity to utilize savings from FFSR toward energy efficiency and renewables to maintain emissions reductions for the long term.

English

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