Why fossil fuel producer subsidies matter

Ericksen, Peter, van Asselt, Harro, Koplow, Doug, Lazarus, Michael, Newell, Peter, Oreskes, Naomi and Supran, Geoffrey (2020) Why fossil fuel producer subsidies matter. Nature, 578. pp. 1-5. ISSN 0028-0836

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Around 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.

Item Type: Article
Keywords: fossil fuels; subsidies; political economy
Schools and Departments: School of Global Studies > International Development
School of Global Studies > International Relations
Research Centres and Groups: Centre for Global Political Economy
Depositing User: Peter Newell
Date Deposited: 24 Jan 2020 13:31
Last Modified: 06 Aug 2020 01:00
URI: http://sro.sussex.ac.uk/id/eprint/89533

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