Conference

COP 29 | COFFIS Ministerial Press Conference

November 19, 2024 3:00 pm - 3:30 pm AZT

Press Conference 1, Area C and online.

(Open to public)

Event card for COP 29 COFFIS Ministerial Press Conference.

Press conference of the Coalition on phasing out Of Fossil Fuel Incentives Including Subsidies (COFFIS).

During the United Nations Climate Conference in Dubai (COP 28), the Netherlands launched an international coalition to phase out fossil fuel subsidies. Countries who joined the coalition include the Netherlands, Austria, the federal government of Belgium, Ireland, Spain, Finland, Antigua and Barbuda, Canada, France, Denmark, Costa Rica, and Luxemburg.  

A carbon-free global economy requires the phase-out of fossil fuel subsidies. That’s why the Glasgow Climate Summit in 2021 agreed to phase out inefficient fossil fuel subsidies, on the back of a similar G20-decision dating back to 2009. Yet, an important part of all fossil benefits are tied up in international agreements, prompting countries to join forces and establish a coalition to phase out these benefits.

The coalition’s secretariat is hosted by IISD.

Conference details

Topic
Energy