16 November 2017 – Germany and Mexico released their voluntary peer reviews of fossil fuel subsidies under the G-20 during COP23 in Bonn. This publication is a step towards more transparency on what the G20 calls “inefficient fossil fuel subsidies”. Germany’s peer review identified 22 measures that favour fossil fuels in the form of tax breaks and direct budgetary transfers, totalling US$17.6 billion in 2016. Two of these 22 measures, with a value of US$1.6 billion in 2016, will be phased out in 2018 as part of the existing EU-wide commitment to end subsidies to hard coal. Mexico’s peer review report identified ten subsidies worth US$2.6 billion in 2016. Two out of these ten subsidies have already been phased out as part of the large energy reforms that the country is carrying out. Read the full article on the Global Subsidies Initiative website.
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