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Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions
Responsible organisation
2015 (English)Report (Other academic)
Abstract [en]

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
National Category
Energy Systems
Research subject
Sustainable development; Energy; Research; Environment; Public finance; Economy and national budget; Tax; Development aid; Welfare
URN: urn:nbn:se:norden:org:diva-3744DOI: 10.6027/NA2015-905OAI: diva2:786861
Available from: 2015-02-06 Created: 2015-02-06 Last updated: 2015-02-13

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