Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions
Nordic Council of Ministers, Nordic Council of Ministers Secretariat2015 (English)Report (Other academic)
Every year governments spend $543 billion subsidising fossil-fuels. This report finds that removing these subsidies could lead to global GHG emissions reductions of between 6-13% by 2050. With potential domestic savings to government of between 5-30% of expenditures, and in the context of the low oil price many governments are removing subsidies. This report shows how to include national emissions reduction estimates within country contributions towards the UNFCCC using the Global Subsidies Initiative – Integrated Fiscal (GSI-IF) model.
Place, publisher, year, edition, pages
Copenhagen: Nordisk Ministerråd, 2015. , 24 p.
Nordiske Arbejdspapirer, 2015:905
Research subject Sustainable development; Energy; Research; Environment; Public finance; Economy and national budget; Tax; Development aid; Welfare
IdentifiersURN: urn:nbn:se:norden:org:diva-3744DOI: 10.6027/NA2015-905OAI: oai:DiVA.org:norden-3744DiVA: diva2:786861