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

The document outlines various mechanisms through which G20 nations can redirect public money—including subsidies, tax revenues, state-owned enterprise investments, and credit support—away from fossil fuels. It highlights specific national and regional successes, such as Indonesia's subsidy reforms and the EU's phase-out of coal mining subsidies, while emphasizing the need for a faster transition that protects vulnerable groups and ensures a just transition for workers.

• G20 countries have implemented various reforms to reduce public financial support for fossil fuels, including Indonesia saving USD 15.6 billion in 2015 by reforming untargeted gasoline and diesel subsidies, and the European Union phasing out subsidies for hard coal mining by the end of 2018.
• Public money flows that impact decarbonization include energy subsidies, tax revenues, investments by state-owned enterprises (SOEs), and credit support from state-owned banks and international finance institutions.
• Progress has been made in several G20 nations regarding the removal of subsidies for fossil fuel exploration and production (Canada and Argentina), the diversification of SOEs into clean energy (China, India, and Sweden), and the increase of taxation on fossil fuel consumption and production (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} }