![norden_pubs.jpg](/sites/default/files/styles/featured_box_portrait_mobile/public/publication/norden_pubs.jpg?h=c13a0aa3&itok=CpImFEx8)
Reform of Fossil-fuel Subsidies—Nordic Cooperation on fossil-fuel subsidy reform in developing countries: Assessing options and opportunities
Fossil-fuel subsidies matter.
They matter for sustainable development; they matter for government budgets; they matter for the poor who benefit very little; they matter for women and accessing daily necessities such as heating, lighting, cooking and transport; and they matter for the environment in that they work in the opposite direction of a low-carbon future, impede renewable take-off, stifle energy efficiency and dwarf climate finance. Global pre-tax subsidies amounted to US$480 billion in 2011, whilst post-tax subsidies reached US$1.9 trillion. Reforming and redirecting subsidies will be an important piece of the jigsaw if we are to solve the climate change puzzle.
This report, produced by IISD-GSI provides input to the Nordic Council of Ministers by identifying options and opportunities for increased Nordic cooperation on the phasing out of fossil-fuel subsidies in developing countries. The research explores existing Nordic cooperation efforts in the fields of energy, climate change and extractives, outlines Nordic development trends and priorities, proposes partner countries, identifies potential areas of cooperation, and presents four recommendations for future action. Savings enable governments to manage deficits—they can be redirected at building sustainable energy networks or targeted at social spending.
You might also be interested in
The Indonesia Cooking Diaries Study
This study evaluates the feasibility and implications of switching from cooking with LPG to induction stoves in Indonesian households.
Report Calls on Fossil Fuel Producers to Map “Transition Away” in NDCs
With governments due to submit the next generation of NDCs in 2025 a new report identifies five elements countries should include to reflect the outcome of the global stocktake.
Ending Canadian Domestic Public Financing for Fossil Fuels
This report examines the scope of public financing for the fossil fuel sector in Canada and makes recommendations for Canada's forthcoming policy to eliminate this financing.
New report: Oil and gas phase-out primer
World leaders agreed to transition away from fossil fuels at COP 28, in a new report IISD experts break down what next steps are needed to put this commitment into action.