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"Fossil-Fuel Subsidy Reform: Building momentum at Rio and beyond" Side Event Summary

NEW YORK - March 26, 2012 - The Friends of Fossil Fuel Subsidy Reform group and the International Institute for Sustainable Development's (IISD's) Global Subsidies Initiative (GSI) convened a side event, chaired by New Zealand, to discuss why and how fossil fuel subsidy reform could be advanced at Rio+20.

The event included ambassadors from Ethiopia, Costa Rica and Sweden, as well as speakers from the IMF and the GSI. This meeting report summarizes the discussions that took place during the side event, which largely focused on country experience, as well as the economic and social impacts of reform.

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