Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
Concluding his three-day India visit on Wednesday, COP26 president Alok Sharma said that he has requested the Indian government to consider raising ambitions in emission reduction targets and reiterated that a delivery plan on finance for developing countries is being put in place ahead of the conference in Glasgow later this year.
The negotiating team for the European Union at the ongoing World Trade Organization talks on harmful fishery subsidies is insisting that any deal allow for continued tax exemptions for fuel purchases.
A multi-billion-dollar opportunity – Repurposing agricultural support to transform food systems (UNEP, FAO, UNDP)
Public support mechanisms for agriculture in many cases hinder the transformation towards healthier, more sustainable, equitable, and efficient food systems, thus actively steering us away from meeting the Sustainable Development Goals and targets of the Paris Agreement.
Mapping India’s Energy Subsidies 2021: Time for renewed support to clean energy (IISD, GSI and CEEW)
This report examines how the Government of India has used subsidies to support the various energy sectors in India since announcing its renewable energy target of 175 GW by 2022,
Air pollution costs Indian businesses $95 billion every year, or 3% of the country’s Gross Domestic Product, and cuts annual consumer spending by $22 billion, according to a study released
Over the past decade, India transitioned from high transport fuel subsidies to relatively high taxes, delivering significant revenue that most recently have funded the country’s COVID-19 response. Indonesia’s transport fuel
Stopping Payments to Polluters: Clearing the air with fossil fuel subsidy reform in China and India (GSI)
Addressing urban air pollution requires governments to reorient policies away from fossil fuel combustion. This Policy Brief by the Global Subsidies Initiative (GSI) explores one such policy shift—the reform of