Fossil Fuel Subsidies

A change in direction?

The International Energy Agency’s (IEA) World Energy Outlook, released Nov. 12, 2014, provides a timely update on one of the key challenges to global sustainable development: fossil fuel subsidies.

The Friends group was formed in June 2010 to support G20 and APEC leaders’ commitments to phase out inefficient fossil fuel subsidies. The Friends encourage the G20 and APEC to implement their initiative as soon as possible, with maximum ambition and transparency.

Friends of Fossil Fuel Subsidy Reform are

  • Costa Rica
  • Denmark
  • Ethiopia
  • Finland
  • New Zealand
  • Norway
  • Sweden
  • Switzerland
  • Uruguay