Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions

The document argues that removing global fossil-fuel subsidies, which total $543 billion annually, could reduce greenhouse gas emissions by 6 to 13 per cent by 2050 and save governments between 5 and 30 per cent of expenditure for reallocation toward low-carbon energy and households. It suggests that parties to the UNFCCC can use the Global Subsidies Initiative – Integrated Fiscal model (GSI–IF model) to estimate these reductions for their Intended Nationally Determined Contributions.

• The annual global cost of fossil-fuel subsidies is $543 billion, and their removal could result in a 6 to 13 per cent reduction in global greenhouse gas emissions by the year 2050.
• Eliminating these subsidies can generate domestic government savings ranging from 5 to 30 per cent of expenditure, which can then be used to support households and develop a low-carbon energy future.
• Parties to the UNFCCC can utilize the Global Subsidies Initiative – Integrated Fiscal model (GSI–IF model) to generate country-specific estimates for emission reductions to be included in their Intended Nationally Determined Contributions.

APA

M.Bassi,, L. M. C. B. M. H. (2015). Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions. International Institute for Sustainable Development. https://www.iisd.org/publications/report/fossil-fuel-subsidies-and-climate-change-options-policy-makers-within-their

Chicago

M.Bassi,, Laura Merrill,Liesbeth Casier,Andrea Bassi,Laura Merrill,Melissa Harris,Andrea. Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions. International Institute for Sustainable Development, 2015. https://www.iisd.org/publications/report/fossil-fuel-subsidies-and-climate-change-options-policy-makers-within-their.

Wikipedia

{{cite report |last1=M.Bassi, |first1=Laura Merrill,Liesbeth Casier,Andrea Bassi,Laura Merrill,Melissa Harris,Andrea |title=Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions |publisher=International Institute for Sustainable Development |date=6 January 2015 |url=https://www.iisd.org/publications/report/fossil-fuel-subsidies-and-climate-change-options-policy-makers-within-their |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{mbassi2015fossilfuel, author = {M.Bassi,, Laura Merrill,Liesbeth Casier,Andrea Bassi,Laura Merrill,Melissa Harris,Andrea}, title = {{Fossil-Fuel Subsidies and Climate Change: Options for policy-makers within their Intended Nationally Determined Contributions}}, institution = {International Institute for Sustainable Development}, year = {2015}, month = jan, url = {https://www.iisd.org/publications/report/fossil-fuel-subsidies-and-climate-change-options-policy-makers-within-their}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }