Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
Business leaders pushed for a ‘greener’ economic recovery from the COVID-19 pandemic as they warned about the impact of the climate crisis is an “even greater emergency.”
Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
According to this report by Eco-Business, insufficient regulation and fossil fuel subsidies are holding back Southeast Asia’s transition to a low carbon economy. The report
This report by the Global Subsidies Initiative examines how the Philippines has managed to reform fossil fuel subsidies, develop a national social safety net and
Learning from Leaders: Nordic and International Best Practice with Fossil Fuel Subsidy Reform (Nordic Council of Ministers)
If we aim to reduce global emissions in order to limit global warming to less than 2°C above pre-industrial levels, then the energy sector is