Report – Low Hanging Fruit: Fossil Fuel Subsidies, Climate Finance, and Sustainable Development

Ethical Markets Resource Efficiency

Our latest report – produced for the Heinrich Boll Foundation in association with Vasudha Foundation (India), Greenovation Hub (China) and the Natural Resources Defense Council – provides updated estimates of global fossil fuel subsidies and overviews many of the issues surrounding subsidy removal. The figure for production and consumption subsidies is at least $775 billion annually and could be $1 trillion or even more.  There is an urgent need for transparency in subsidy reporting.

http://priceofoil.org/2012/06/14/report-low-hanging-fruit-fossil-fuel-subsidies-climate-finance-and-sustainable-development/