__smbhome.uscs.susx.ac.uk_tjk30_Documents_Nature Why FF producer subsidies matter Eriksen Newell et al.pdf (260.2 kB)
Why fossil fuel producer subsidies matter
journal contribution
posted on 2023-06-09, 20:23 authored by Peter Ericksen, Harro van Asselt, Doug Koplow, Michael Lazarus, Peter NewellPeter Newell, Naomi Oreskes, Geoffrey SupranAround the globe, governments have pledged to remove support for coal, oil and gas, noting that such fossil fuel subsidies “undermine efforts to deal with climate change” by keeping greenhouse gas emissions higher than they otherwise would be. Jewell et al. used results of integrated assessment models to infer that eliminating subsidies would yield “limited emission reductions…except in energy-exporting regions”, and described the emission reduction benefits as “small”. This characterization is potentially misleading, and here we use a simple, sector-specific model to show how the emission reductions from producer subsidy reform could be more material than Jewell et al. suggest. Fossil fuel producer subsidies delay a low-carbon transition in ways both material and political, and they deserve greater attention and transparency in global modelling analyses, as well as in policy-making.
History
Publication status
- Published
File Version
- Accepted version
Journal
NatureISSN
0028-0836Publisher
Nature ResearchExternal DOI
Volume
578Page range
1-5Department affiliated with
- International Development Publications
Research groups affiliated with
- Centre for Global Political Economy Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-01-24First Open Access (FOA) Date
2020-01-28First Compliant Deposit (FCD) Date
2020-01-24Usage metrics
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