Hasten end of dated fossil-fuel subsidies

Fossil fuel subsidies and health.

In calling for a switch of fossil fuel subsidies to funding of universal health coverage, Vinay Gupta and colleagues (June, 2015) miss two health-relevant issues: all fossil fuels are not the same and all subsidies are not the same. Liquefi ed petroleum gas (LPG) has major, direct health advantages in household cooking in countries of low and middle income, its primary use. Indeed, the Global B...

Recycling fuel subsidies as health subsidies.

Long‐term climate policy implications of phasing out fossil fuel subsidies

It is often argued that fossil fuel subsidies hamper the transition towards a sustainable energy supply as they incentivize wasteful consumption. We assess implications of a subsidy phase‐ out for the mitigation of climate change and the low‐carbon transformation of the energy system, using the global energy–economy model REMIND. We compare our results with those obtained by the International E...

The Environmental Cost of Global Fuel Subsidies

Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper quantifies the external costs from global fuel subsidies using the latest available data and estimates from the World Bank and International Monetary Fund. Under preferred assumptions about supply and demand elasticities, current subsidies cause $44 billion in external costs annu...

Fossil Fuel and Food Security