Reform of Fossil-fuel Subsidies

The document argues that fossil-fuel subsidies hinder sustainable development and climate goals, noting that global pre-tax subsidies were US$480 billion and post-tax subsidies were US$1.9 trillion in 2011. It proposes that the Nordic Council of Ministers cooperate to phase out these subsidies in developing countries, suggesting that the resulting savings could be redirected toward sustainable energy networks or social spending.

• Fossil-fuel subsidies negatively impact the environment by opposing a low-carbon future, hindering the growth of renewables, obstructing energy efficiency, and outweighing climate finance.
• In 2011, global pre-tax fossil-fuel subsidies totaled US$480 billion, while post-tax subsidies reached US$1.9 trillion.
• Reforming subsidies allows governments to address budget deficits and redirect funds toward social spending or the construction of sustainable energy networks.

APA

Merrill,, L. M. (2014). Reform of Fossil-fuel Subsidies. International Institute for Sustainable Development. https://www.iisd.org/publications/report/reform-fossil-fuel-subsidies-nordic-cooperation-fossil-fuel-subsidy-reform

Chicago

Merrill,, Laura Merrill,Laura. Reform of Fossil-fuel Subsidies. International Institute for Sustainable Development, 2014. https://www.iisd.org/publications/report/reform-fossil-fuel-subsidies-nordic-cooperation-fossil-fuel-subsidy-reform.

Wikipedia

{{cite report |last1=Merrill, |first1=Laura Merrill,Laura |title=Reform of Fossil-fuel Subsidies |publisher=International Institute for Sustainable Development |date=23 October 2014 |url=https://www.iisd.org/publications/report/reform-fossil-fuel-subsidies-nordic-cooperation-fossil-fuel-subsidy-reform |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{merrill2014reform, author = {Merrill,, Laura Merrill,Laura}, title = {{Reform of Fossil-fuel Subsidies}}, institution = {International Institute for Sustainable Development}, year = {2014}, month = oct, url = {https://www.iisd.org/publications/report/reform-fossil-fuel-subsidies-nordic-cooperation-fossil-fuel-subsidy-reform}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }