6.6 It’s Time for World Leaders to Put Their Subsidies Where Their Climate Goals Are

As EESI prepares for our extensive coverage of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Dubai, we turn our attention to a topic that will be critical for global emission reductions—fossil fuel subsidies. Government subsidies are an important tool for stabilizing the economy, especially after a shock to the market, but they can also generate profits for polluting industries, as is the case with fossil fuels. Earlier this year, Canada made headlines by releasing the first national plan to eliminate inefficient subsidies to domestic fossil fuel companies. Dan and Alison are joined by Phil Gass and Laura Cameron of the International Institute for Sustainable Development (IISD) to discuss Canada’s framework and the state of global fossil fuel subsidies in the lead-up to COP28.

 

Show notes:

• Proposals to Reduce Fossil Fuel Subsidies (2021): https://www.eesi.org/papers/view/fact-sheet-proposals-to-reduce-fossil-fuel-subsidies-2021 
• Fossil Fuels: https://www.eesi.org/topics/fossil-fuels/description 
• What Congress Needs to Know About COP28: https://www.eesi.org/cop28-briefings