On July 18, 2018, we presented a side event at the UN High Level Political Forum (HLPF), “Leadership on fossil fuel subsidy reform for sustainable energy access and poverty reduction”
The side event was organized by New Zealand on behalf of the Friends of Fossil Fuel Subsidy Reform (“Friends”), with Finland, Switzerland, Sweden and Norway as co-organizers. IISD’s Global Subsidies Initiative coordinated the event.
This side event presented opportunities for financing and delivering the SDGs through fossil fuel subsidy reform, with a focus on sustainable energy access. Speakers presented replicable strategies for fossil fuel subsidy reform with high benefits for poverty reduction, gender and the SDGs. These strategies include better targeting of subsidies and subsidy “swaps,” which entail shifting fossil fuel subsidies toward sustainable energy solutions like renewable energy and energy efficiency, as well as investments in public transport. The event also saw the launch of a report on the interlinkages between energy access and fossil fuel subsidies.
IISD RS Video Coverage
- Publication: Getting on Target: Accelerating energy access through fossil fuel reform
- Guest Article on IISD SDG Knowledge Hub
- IISD RS Coverage of the Side Event on Fossil Fuel Subsidy Reform
- SDG Knowledge Hub coverage of fossil fuel subsidy reform news and events