GGKP Webinar – Measuring What Matters: How Much Are Fossil Fuel Subsidies Costing Governments?
October 2, 2019 @ 3:00 pm - 5:00 pm
Fossil fuels subsidies impede sustainable development, drain national budgets and divert resources from other priorities such as health and education. In addition, they undermine public health and social welfare, driving air pollution, congestion and climate change.Understanding the size of fossil fuel subsidies is a key step towards enhanced transparency and can ultimately support efforts to reform inefficient fossil fuel subsidies. A new methodology developed jointly by UNEP, OECD, and the IISD’s Global Subsidies Initiative provides an internationally agreed approach to measuring fossil fuel subsidies in the context of the Sustainable Development Goals (SDGs). This report provides practical guidance to governments for collecting and reporting data on fossil fuel subsidies under SDG Indicator 12.c.1. Starting in 2020, UNEP will feed this data into the SDG Global Database to evaluate global and national progress on fossil fuel subsidy reform under the SDG monitoring and reporting framework.For more information on fossil fuel subsidies, read this UN Environment Green Economy Policy Brief.This webinar, organised jointly by the GGKP, the Green Fiscal Policy Network, and the IKI project “Green Economy Transformation” presented the methodology for collecting and reporting data on fossil fuel subsidies. It also provided practical guidance to countries on compiling national estimates of fossil fuel subsidies and shared insights from country experiences with fossil fuel subsidy monitoring and reform. To listen to the webinar recording, follow the link.