Timely seminars and high level events help promote reform. Events are ordered chronologically and include an impressive number of influential speakers from around the world.

COP 28 Side Event | Fossil Fuel Subsidy Reform: Bridging discussions in climate and trade forums

December 4, 2023 at 13:00–13:45 GST

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While there are commitments, agreements, and discussions within the United Nations Framework Convention on Climate Change (UNFCCC), G20, UN Sustainable Development Goals, Convention on Biological Diversity, and World Trade Organization (WTO), at a global level there has, so far, been limited progress on fossil fuel subsidy reform and on shifting public financial flows from fossil fuels to clean energy. There are, however, a number of domestic actions that have been taken by individual countries that serve as examples for moving from commitments to implementation.

Led by the Government of Finland on behalf of the Friends of Fossil Fuel Subsidy Reform, this event first focuses on domestic actions that countries are taking to act on their global fossil fuel subsidy reform commitments. Following this, the session looks at attempts to tackle fossil fuel subsidy reform across the climate and trade space, highlighting the actions being taken through UNFCCC processes and in the WTO, and focusing on the shared goals for reform from both perspectives that are influencing action at the domestic level. Speakers include Finnish Trade and Development Minister Ville Tavio and high-level speakers from Canada and the Netherlands, as well as experts from industry and think tanks.


Opening Remarks

Ville Tavio, Minister for Development Cooperation and Foreign Trade, Finland

Steven Guilbeault, Minister of Environment and Climate Change, Canada

Sigrid Kaag, Minister of Finance, Netherlands

Panel Discussion

Moderator: Anne Hammill, Associate Vice-President, Resilience, International Institute for Sustainable Development

Aik Hoe Lim, Director, Trade and Environment Division, World Trade Organization

Philip Gass, Director, Energy Program, Just Transitions and Canada, International Institute for Sustainable Development

Vibhuti Garg, Director South Asia, Institute for Energy Economics and Financial Analysis

Heikki Malinen, President and CEO, Outokumpu

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
  • Netherlands