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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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Energy and climate policy coherence, effectiveness and efficiency

Fossil fuel subsidy reform can support climate change policy and goals. It can be recognized as part of a package of measures to implement Intended Nationally Determined Contributions (INDCs), because reform can both reduce emissions and liberate resources to invest in sustainable energy systems.

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