GGKP Webinar | Measuring What Matters: Are governments phasing out fossil fuel subsidies? 10/02/2019 (3:00 PM CET)

Jay OwenGreen Prosperity, SRI/ESG News, Latest Headlines

 

Fossil fuels subsidies impede sustainable development. They have serious economic implications for governments, drain national budgets, and divert resources from other priorities. They also undermine public health and social welfare, and drive air pollution, congestion, and climate change.

Understanding the size of fossil fuel subsidies is a key step towards enhanced transparency and ultimately the reform of inefficient fossil fuel subsidies. On 2 October at 3:00 PM CET join us as we present a new methodology for measuring fossil fuel subsidies in the context of the Sustainable Development Goals (SDGs) in a webinar organised by the Green Growth Knowledge Partnership (GGKP), the Green Fiscal Policy Network, and the IKI project “Green Economy Transformation”.

 

The new methodology, developed jointly by UN Environment, OECD, and the IISD’s Global Subsidies Initiative, provides an internationally agreed approach to fossil fuel subsidy measurement as well as practical guidance to governments for collecting and reporting data on fossil fuel subsidies under SDG Indicator 12.c.1. Starting in 2020, UN Environment 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.

 

Government representatives will then present country experience with the review of fossil fuel subsidies under the G20 process (Italy) and the phase out of fossil fuel subsidies (Indonesia).