Fossil Fuel Subsidies & Climate Change

Fossil fuel subsidies contribute to climate change by depressing the price of fossil fuels, encouraging greater production and consumption, and consequently emissions. These hold us back from delivering the Paris agreement and building the sustainable energy systems needed in the 21st century.

Press Release: Investing in Gas-Fired Power Would Likely be a ‘Costly Mistake’ for South Africa

March 31, 2022

There is no need for South Africa to invest in a gas-to-power sector at this time and pushing ahead with such plans could negatively impact the country’s economy and climate, according to a new report by the International Institute for Sustainable Development (IISD) released today.

Policy Briefs: Using Public Funding to Attract Private Investment in Renewable Energy in Indonesia

This brief provides options on how the Government of Indonesia (GoI) can leverage public funding to incentivize private investment in renewable energy.

Press Release: Canada’s Provinces Provided at Least CAD 2.5 Billion in Fossil Fuel Subsidies Last Year, Undermining Climate Action

February 15, 2022

Provincial governments are still providing billions of dollars to prop up fossil fuels, concludes a new report from the International Institute for Sustainable Development (IISD) tallying subsidies in Canada’s four major oil and gas producing provinces.

Reports: Blocking Ambition: Fossil fuel subsidies in Alberta, British Columbia, Saskatchewan, and Newfoundland and Labrador

February 15, 2022

Canada's four fossil fuel-producing provinces provided CAD 2.5 billion in fossil fuel subsidies in the 2020/21 fiscal year.

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Reports: South Africa's Energy Fiscal Policies: An inventory of subsidies, taxes, and policies impacting the energy transition

January 31, 2022

A review of the system of energy subsidies and taxes in South Africa to assess their alignment with the energy transition.

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Reports: Finding the Way to Zero: Final report of Climate Action Network Canada’s 2021 workshop series on net-zero

This report captures the outcomes of a series of virtual workshops held by Climate Action Network Canada on the implications of net-zero in Canada.

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Press Release: 23 Leading Canadian Environmental Organizations Release Detailed Proposals for Federal Environmental Action in Budget 2022

November 17, 2021

As Canada's Parliament prepares to reconvene next week, the Green Budget Coalition today issued a comprehensive set of recommendations on how the next federal Budget can meet the challenge of fighting the dual crises of climate change and biodiversity loss.

News: The Data Is in—Governments Must Green Their COVID-19 Recovery to Keep Global Temperature Rise to 1.5°C

October 29, 2021

Leading research organizations tracking global recovery spending call on world leaders to redirect all unspent and future COVID-19 stimulus away from carbon intensive activities toward nature- and climate-positive investments.

SB 58 Side Event | Stocktake: Need for action on fossil fuel subsidy reform and shifting of other public financial flows

Saturday, June 10, 2023 - 07:00

Saturday, June 10, 2023 - 05:45

This side event of the Bonn Climate Change Conference SB 58 will call for renewed momentum on reforming fossil fuel subsidies and shifting public financial flows to clean energy.

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