IRADe is a fully autonomous advanced research institute, conducting research studies highlighting the importance of fossil-fuel subsidy reform and more importantly rationalization of subsidies to mitigate impacts on vulnerable groups of society when implementing reforms. Fossil fuels are important for many economic activities, whereas universal subsidies generate inefficiencies in the energy market, which disincentives innovation and promote distorted consumption. Fossil-fuel subsidy reform would create a win-win scenario for all the stakeholders as it has clear economic, social and environmental benefits. Reforming fossil fuel subsidies would be good for energy security as it will pave the way for the transition from finite (fossil fuel) to infinite energy (renewable) sources by removing price distortion and making them equally competitive. Therefore, we need to take a long-term view of the cost and benefits of the use of fossil fuels, given the current climate change situation; we need to make greener technologies competitive.