Knowledge Tree
fossil fuel subsidies
Also known as: fossil fuel subsidy reforms, fossil fuel industry subsidies
Facts (15)
Sources
Transitioning Away from Fossil Fuels - CEBRI cebri.org Sep 22, 2025 3 facts
claimA second critical avenue for the energy transition is to level the playing field between fossil fuels and low-carbon alternatives, specifically regarding price signals, which includes a comprehensive reform of inefficient fossil fuel subsidies.
measurementIn 2023, global fossil fuel subsidies amounted to US$ 616 billion, with the primary objective of lowering consumer prices.
claimFossil fuel subsidies often fail to address existing inequalities and can distort market signals.
Energy asset stranding in resource-rich developing countries and ... frontiersin.org Jun 10, 2024 2 facts
claimThe Nigerian population defends fossil fuel subsidies despite limited direct benefits to the majority because they lack trust in the government's ability to implement alternative redistribution schemes.
accountNigerian governments have repeatedly attempted to phase out fossil fuel subsidies to increase fiscal space and comply with international donor requirements, but these attempts have failed due to civil unrest typically led by trade unions.
Carbon Pricing for Inclusive Prosperity: The Role of Public Support econfip.org 2 facts
claimFossil fuel subsidies in developing countries often favor medium- to high-income households, meaning their removal is often progressive.
claimEmissions trading systems (ETS) and fossil fuel subsidy reforms are two climate policy instruments used globally, with fossil fuel subsidies functioning essentially as a negative price on carbon.
Global perspectives on energy technology assessment and ... link.springer.com Oct 30, 2025 1 fact
claimFossil fuel industry subsidies create an uneven economic playing field that discourages the renewable energy sector.
Carbon Pricing as a Climate Policy Instrument: Global Lessons ... journal.idscipub.com Jul 31, 2025 1 fact
referenceSkovgaard and Asselt (2019) analyzed the politics surrounding fossil fuel subsidies and the implications of their reform for climate change mitigation.
Comprehensive Overview on the Present State and Evolution of ... link.springer.com Aug 9, 2024 1 fact
claimAppropriate price signals for energy can be achieved through carbon pricing, the phasing out of fossil fuel subsidies, and other market changes.
Carbon pricing policy instruments need a radical redesign and ... unepfi.org Jun 22, 2022 1 fact
claimBest practice in carbon pricing design includes international cooperation through 'climate clubs', effective Carbon Border Adjustment Mechanisms (CBAMs) to limit freeriding, pricing systems with appropriate coverage and ambition, and complementary policies such as increased investment in abatement R&D and the removal of fossil fuel subsidies.
How governments address climate change through carbon pricing ... discovery.researcher.life Apr 15, 2025 1 fact
claimEffective carbon prices are defined as prices applied through energy taxes, fossil fuel subsidies, carbon taxes, and emission trading schemes (ETSs).
Iran Country Report 2026 - BTI Transformation Index bti-project.org 1 fact
claimExtensive fossil fuel subsidies in Iran lead to massive overconsumption and lack of legal incentives for energy efficiency or renewable energy development.
Carbon Pricing for Climate Change Mitigation and Financing the SDGs global-solutions-initiative.org 1 fact
measurementThe G20 is responsible for approximately three-quarters of global emissions and has previously launched an initiative to remove fossil fuel subsidies.
Energy Transition Literature - PSU Center for Energy Law and Policy celp.psu.edu May 20, 2024 1 fact
referenceThe OECD report on Italy's fossil-fuel subsidies provides a detailed analysis of measures taken by Italy to address inefficient fossil fuel subsidies that encourage wasteful consumption.