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|| Stories from G2O Countries: Shifting Public Money out of Fossil Fuels
|| International Institute for Sustainable Development
|| Ivetta Gerasimchuk, Shelagh Whitley, Christopher Beaton, Richard Bridle, Alex Doukas, Maria Marta Di Paola & Yanick Touchette
| Published in:
|| November 2018
|| Government support from G20 countries, including through national, regional and international public finance institutions, has been under increasing scrutiny. In the energy sector, estimates and reporting have improved for some elements of government support to fossil fuels, for example, through and thanks to the work on government support for fossil fuels by the Organisation for Economic Co-operation and Development (OECD), the International Energy Agency (IEA), the Global Subsidies Initiative, Oil Change International, the Overseas Development Institute and other research, policy and advocacy organizations. However, for certain other elements of government support to fossil fuels, such as investments by SOEs, data still remain patchy and sometimes not available for all G20 countries.
Due to data limitations, this paper does not attempt to track progress in the G20 in a systematic way. Instead, it highlights some recent examples of relevant reforms in G20 countries. The goal of this publication is to provide policy-makers, researchers and non-governmental organizations with practical references for where governments have begun to shift public resources away from fossil fuels and toward the low-carbon economy.
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