Trinidad and Tobago
Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
The Inter-American Development Bank (IDB) is recommending that finance and planning ministries in Latin American and the Caribbean (LAC) consider fiscal policies to accelerate the transition to green economies and pave the way for the region to meet decarbonisation goals.
This tool tracks COVID-19 related fiscal spending policies announced by the 33 Latin America and Caribbean countries, updated every week. The LAC Recovery Tracker brings transparency to regional government spending
Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries to reform them, they continue
Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)
Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.