A Commentary on the SDGs, Fossil-Fuel Subsidy Reform and The Future We Want
August 20, 2014
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The most recent draft of the Sustainable Development Goals (SDGs), an outcome from Rio+20 and The Future We Want, now includes international cooperation and potentially financial support towards cleaner fossil-fuel technologies; however, the draft goals no longer recognise the need to phase-out inefficient fossil-fuel subsidies, which stood at $554 billion in 2012 (IEA, 2013). That is four times the level of aid from the OECD DAC in 2013 ($134 billion). This is a step backwards.