Cutting Emissions Through Fossil Fuel Subsidy Reform and Taxation

This report models the climate change mitigation potential of fossil fuel subsidy reform across 32 countries. The results show how much greenhouse gas emissions—both in per cent as well as in absolute terms—countries can save by 2030. In addition, the model also calculates the subsidy savings countries can gain from fossil fuel subsidy reform. Countries can further increase their emission reductions by adding fossil energy taxation as well as the investments of subsidy savings and tax revenue into energy efficiency and renewable energy to the scenario.