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This executive summary, published by Transforma in June 2026, outlines a framework for the orderly reform of fossil fuel subsidies in Latin America, focusing on case studies from Brazil and Colombia. It advocates for the creation of national inventories to quantify subsidy costs and proposes a prioritized roadmap for reform—categorizing subsidies as 'quick', 'gradual', or 'deferred'—to ensure fiscal sustainability and a just energy transition.

This report uses the Global Subsidies Initiative – Integrated Fiscal Model (GSI-IF model) to analyze the potential for greenhouse gas (GHG) emission reductions and fiscal savings across 32 countries through fossil fuel subsidy reform (FFSR) and fossil energy taxation by 2030.

This case study examines Egypt's 2014 reform of its fossil fuel subsidies, which aimed to reduce a significant budget deficit and reallocate funds toward social protections and economic growth. While the reforms successfully reduced government spending and were supported by a broad political consensus, the document notes challenges in targeting support to the poorest households and aligning reforms with long-term climate goals.

This policy brief explores green growth financing mechanisms to support Africa's economic recovery following the COVID-19 pandemic. It argues that the 'twin COVID–climate crisis' provides an opportunity to 'build back better' by integrating sustainable investment into stimulus packages, leveraging private capital through green bonds, and reforming fiscal and financial regulations to increase climate resilience.

This case study by the International Institute for Sustainable Development examines Argentina's efforts to reduce fossil fuel production subsidies, specifically focusing on the phase-out of oil production incentives while maintaining support for unconventional gas development in the Vaca Muerta field.