Fossil fuel subsidy reform – turning the tide?
The recent announcement from UAE that it will reform domestic fossil fuel subsidies is the latest in a growing number of countries taking the opportunity to reform subsidies within the energy sector.
The recent announcement from UAE that it will reform domestic fossil fuel subsidies is the latest in a growing number of countries taking the opportunity to reform subsidies within the energy sector.
IISD’s Laura Merrill and Philip Gass, and CDKN’s Helen Picot explore the recent wave of fossil fuel subsidy reform and the potential these initiatives have for boosting climate compatible development.
Read the commentary on the CDKN website.
You might also be interested in
The Hidden Clauses That Can Hinder Tax and Investment Policy Reform
Stabilization clauses should no longer automatically be included in contracts between states and investors. If they are, they should, at a minimum, build on the latest international standards on stabilization to avoid being a barrier to sustainable development.
Coalition against fossil fuel subsidies expands but misses initial targets
The UK, Colombia, and New Zealand have signed on to a coalition of governments aiming to phase out fossil fuel subsidies, joining 13 other mainly European nations in the alliance. IISD's Vance Culbert said that half a dozen more countries—including "a few larger economy developing countries"—are talking privately to them about joining too.
Europe’s Dash for Gas in Africa puts Private Profits First
Europe’s demand for gas is contributing to expansion of LNG projects in Mozambique, Nigeria, and Senegal. This favours the interests of European oil and gas companies over those of African countries, a new report shows.
The United Kingdom, New Zealand, and Colombia Join Coalition to Phase Out Fossil Fuel Subsidies
Today on the sidelines of the UN Climate Conference in Baku (COP 29), the United Kingdom, New Zealand, and Colombia joined the international Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS).