CIDSE and Climate Action Network – Europe have produced policy recommendations on bringing an end to fossil subsidies in Europe.
Five years ago, at the G20 summit in Pittsburgh, all major economies committed to phase out fossil fuel subsidies. These commitments were made in recognition of the severe negative economic, social and environmental impacts that fossil fuels subsidies put upon countries. To date, the steps required to effectively and efficiently phase out fossil fuel subsides have not been taken. Billions of dollars and euros are still being poured into the fossil fuel industry, hindering national and international efforts to effectively tackle one of the root causes of climate change.