Set up in June 2010, the “Friends” is an informal group of non- G20 countries aiming to build political consensus on the importance of fossil fuel subsidy reform. Current members of the Friends group are Costa Rica, Denmark, Ethiopia, Finland, New Zealand, Norway, Sweden, Switzerland and Uruguay.
- Fossil-fuel subsidy reform is the missing piece of the climate change jigsaw and governments must deliver global actions to decrease emissions as we head towards implementation of the Paris Agreement on climate change.
Why reform fossil fuel subsidies
Governments subsidize fossil fuels to lower the price of the production and consumption of fossil fuels, so the economy and population can receive cheaper fuels. However, fossil fuel subsidies (FFS) have a series of negative effects. FFS are socially regressive, encourage wasteful consumption, increase local pollution, contribute to climate change, disadvantage clean energy technologies and are a drain on scarce public resources.
Fossil-fuel subsidy reform is the missing piece of the climate change jigsaw and governments must deliver global actions to decrease emissions as we head towards implementation of the Paris Agreement on climate change.
The Friends Network
In 2018 the Friends of Fossil Fuel Subsidy Reform (FFFSR, or the Friends) created the Friends’ Network to build an international network of government officials to share lessons, knowledge and experiences, and to encourage innovative thinking on the successful implementation of FFSR. A series of five virtual interactive roundtables took place in 2018 with the participation of representatives from around 20 countries from around the world.
The FFFsR Network was officially launched at COP24 in Katowice. The video recording of the High-Level Media launch event can be accessed here.