28 May 2018

Introducing the Subsidy SWAP

Want to know how you can help accelerate the transition from fossil fuels to clean forms of energy? Subsidy SWAPs aim to reform subsidies to fossil fuels and use the savings to fund the transition to clean energy, supporting investment in energy systems like renewables, energy efficiency and public transportation. IISD’s Global Subsidies Initiative works with governments and partners to help remove fossil fuel subsidies that work against sustainable development. This video was supported by the Danish Ministry of Energy, Utilities and Climate and the Nordic Council of Ministers.

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