Time to change the game: Fossil fuel subsidies and climate
This Overseas Development Institute report argues that it is time to 'change the game' on fossil fuel subsidies in order to promote inclusive and green growth. It states that fossil fuel subsidies undermine international efforts to avert dangerous climate change and represent a drain on national budgets. It also questions the benefits for those living in poverty and argue that phasing out fossil fuel subsides would eliminate the perverse incentives that drive up carbon emissions, create price signals for investment in a low carbon transition and reduce pressure on public finances. The report calls for the subsidies to be phased out by 2020 for G20 countries and globally by 2025.