Delivering on G-20 Commitments: The path to fossil-fuel subsidy reform
In September 2009, at the Pittsburgh Summit, G-20 leaders recognized that "inefficient fossil-fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change," and committed to phasing out and rationalizing inefficient fossil-fuel subsidies that lead to wasteful consumption.
This GSI policy brief summarizes what has since been done to date, including at Leaders' Toronto Summit in June 2010. The policy brief outlines a roadmap for progressing the phase out of harmful fossil-fuel subsidies and recommends six actions that G-20 Leaders could take to deliver on their commitment at the upcoming Seoul Summit on November 11-12, 2010.
You might also be interested in
Assessment of Fossil Fuel Subsidies in Canada
This report evaluates a potential fossil fuel subsidy provided to the Canadian oil industry through the Government of Canada's expansion and continued operation of the Trans Mountain Pipeline (TMP) using the government's new fossil fuel subsidies assessment framework as the basis for analysis.
Leaders’ Club Cuts Fossil Fuel Finance but Falls Short on Clean Energy Support
Signatories of the Clean Energy Transition Partnership have cut their international public finance for fossil fuels dramatically since signing the agreement but are underdelivering on the clean finance pledge.
Revitalizing International Fossil Fuel Subsidy Phase-Out Commitments Through Roadmaps, Closing Loopholes, and Support
A new approach outlines how countries can strengthen fossil fuel subsidy reform commitments with time-bound roadmaps, closing loopholes, and support for lower-income countries.
How Fossil Fuels Drive Inflation and Make Life Less Affordable for Canadians
New report takes closer look at how Canada’s dependence on fossil fuels impacts energy costs and prices of essentials such as transportation, home heating, and housing.