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A high-impact initiative for Rio+20 : High-impact initiative for Rio plus 20 : a pledge to phase out fossil-fuel subsidies

19 Aug 2011

For example, in 2008 the Indonesian Ministry of Economic Affairs advised that the top 40 percent of high income families benefit from 70 percent of the subsidies, while the bottom 40 percent of low-income families benefit from only 15 percent of the subsidies (IEA, 2008). [...] The debate should be centred around whether increased production is good or bad for the economy: this should be viewed over the long and the short term, and include social and environmental considerations as well as impacts on the economy of depletion policy. [...] To have this debate, governments need information on the scale of producer subsidies and analysis of the impacts of these on a country. [...] A pledge to reform all energy subsidies would need to be supported by more research to understand the scale and impact of the subsidies for nuclear energy, biofuels and renewables-based electricity: the box below summarizes current knowledge. [...] The G-20 Seoul Business Summit was attended by a group of global CEOs known as the “B-20” who expressed their support for the G-20 commitment calling for the removal of these subsidies within a five year period, which will “add to the efficiency and security of energy supply” (Seoul G-20 Business Summit, 2010).
environment climate change politics sustainability renewable energy economy subsidies subsidy fossil fuel poverty taxation natural resources fossil fuels energy policy government policy green economy international relations nuclear energy unep international energy agency sustainable energy subsidies renewable iea rio+20 energy and resource fossil-fuel renewable energy technologies
Pages
10
Published in
Canada

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