The Triple Win. Fossil Fuel Subsidy Reform and Fuel Taxation: Opportunities for governments to save money, fund sustainable development, and reduce GHG emissions

The report highlights the potential for a 'triple win' through fossil fuel subsidy reform (FFSR) and increased fuel taxation, which could reduce global carbon dioxide emissions by 23% and raise government revenue equivalent to 2.6% of GDP. It notes that global fossil fuel subsidies are approximately USD 425 billion annually and provides examples of India and Indonesia saving USD 15 billion each in 2015 through FFSR. The text links these fiscal instruments to the Paris Agreement and Sustainable Development Goals 7, 12, and 17.

• Combining fossil fuel subsidy reform (FFSR) and increased fuel taxation could reduce global carbon dioxide emissions by 23% and generate government revenue amounting to 2.6% of GDP.
• Global consumer and producer fossil fuel subsidies are approximately USD 425 billion per year, while effective gasoline taxation decreased by 13.3% between 2003 and 2015.
• In 2015, India and Indonesia each saved approximately USD 15 billion through fossil fuel subsidy reform.

APA

Morgan-Jones,, L. M. M. (2018). The Triple Win. Fossil Fuel Subsidy Reform and Fuel Taxation: Opportunities for governments to save money, fund sustainable development, and reduce GHG emissions. International Institute for Sustainable Development. https://www.iisd.org/publications/report/triple-win-fossil-fuel-subsidy-reform-and-fuel-taxation-opportunities

Chicago

Morgan-Jones,, Laura Merrill,Laura Merrill,Myfanwy. The Triple Win. Fossil Fuel Subsidy Reform and Fuel Taxation: Opportunities for governments to save money, fund sustainable development, and reduce GHG emissions. International Institute for Sustainable Development, 2018. https://www.iisd.org/publications/report/triple-win-fossil-fuel-subsidy-reform-and-fuel-taxation-opportunities.

Wikipedia

{{cite report |last1=Morgan-Jones, |first1=Laura Merrill,Laura Merrill,Myfanwy |title=The Triple Win. Fossil Fuel Subsidy Reform and Fuel Taxation: Opportunities for governments to save money, fund sustainable development, and reduce GHG emissions |publisher=International Institute for Sustainable Development |date=21 January 2018 |url=https://www.iisd.org/publications/report/triple-win-fossil-fuel-subsidy-reform-and-fuel-taxation-opportunities |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{morganjones2018triple, author = {Morgan-Jones,, Laura Merrill,Laura Merrill,Myfanwy}, title = {{The Triple Win. Fossil Fuel Subsidy Reform and Fuel Taxation: Opportunities for governments to save money, fund sustainable development, and reduce GHG emissions}}, institution = {International Institute for Sustainable Development}, year = {2018}, month = jan, url = {https://www.iisd.org/publications/report/triple-win-fossil-fuel-subsidy-reform-and-fuel-taxation-opportunities}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }