Set up in June 2010, the Friends of Fossil Fuel Subsidy Reform is an informal group of non-G20 countries working to build political consensus on the importance of fossil fuel subsidy reform. Current members of the group are Costa Rica, Denmark, Ethiopia, Finland, New Zealand, Norway, Sweden, Switzerland and Uruguay.
The Friends work internationally within forums such as the G20, APEC, OECD, World Bank, UNFCCC and the UN Sustainable Development Agenda to convince governments of the benefits of reform, and to help them with ways to do it. The Friends advocate that reform needs to be ambitious and transparent.
The Friends recognize that there are political, social and economic challenges to face when removing fossil-fuel subsidies, and that reform takes time. The Friends also recognize the importance of taking into account vulnerable groups and their developmental needs. Subsidy reform must be carefully designed.