Stories from G20 Countries: Shifting public money out of fossil fuels

This working paper by the International Institute for Sustainable Development analyzes examples from G20 countries regarding the reallocation of public funds away from fossil fuels to align with the Paris Agreement and Sustainable Development Goals (SDGs).

• G20 countries have implemented various reforms to shift public money away from fossil fuels, including the removal of subsidies and the increase of taxation. Specific examples include Indonesia saving USD 15.6 billion in 2015 by reforming untargeted gasoline and diesel subsidies, and the European Union phasing out hard coal mining subsidies by the end of 2018.
• Public money flows that impact decarbonization and sustainable development include energy subsidies, tax revenues, investments by state-owned enterprises (SOEs), and credit support from state-owned banks and international finance institutions.
• The document identifies progress in several G20 nations regarding the removal of fossil fuel exploration and production subsidies (Canada and Argentina), the diversification of SOEs into clean energy (China, India, and Sweden), and the increase of consumption and production taxes (China, Saudi Arabia, South Africa, and India).

APA

Touchette,, I. G. B. B. W. D. M. D. P. (2018). Stories from G20 Countries: Shifting public money out of fossil fuels. International Institute for Sustainable Development. https://www.iisd.org/publications/report/stories-g20-countries-shifting-public-money-out-fossil-fuels

Chicago

Touchette,, Ivetta Gerasimchuk,Christopher Beaton,Richard Bridle,Shelagh Whitley,Alex Doukas,Maria Marta Di Paola,Yanick. Stories from G20 Countries: Shifting public money out of fossil fuels. International Institute for Sustainable Development, 2018. https://www.iisd.org/publications/report/stories-g20-countries-shifting-public-money-out-fossil-fuels.

Wikipedia

{{cite report |last1=Touchette, |first1=Ivetta Gerasimchuk,Christopher Beaton,Richard Bridle,Shelagh Whitley,Alex Doukas,Maria Marta Di Paola,Yanick |title=Stories from G20 Countries: Shifting public money out of fossil fuels |publisher=International Institute for Sustainable Development |date=21 November 2018 |url=https://www.iisd.org/publications/report/stories-g20-countries-shifting-public-money-out-fossil-fuels |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{touchette2018stories, author = {Touchette,, Ivetta Gerasimchuk,Christopher Beaton,Richard Bridle,Shelagh Whitley,Alex Doukas,Maria Marta Di Paola,Yanick}, title = {{Stories from G20 Countries: Shifting public money out of fossil fuels}}, institution = {International Institute for Sustainable Development}, year = {2018}, month = nov, url = {https://www.iisd.org/publications/report/stories-g20-countries-shifting-public-money-out-fossil-fuels}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }