This report sheds light on the potential climate benefits of the removal of fossil fuel production subsidies in terms of both greenhouse gas (GHG) emission reductions and the oil, gas and coal reserves that could become uneconomical to produce.

This report presents a model that analyses fossil fuel subsidy reform across 20 countries showing an average reduction in national GHG emissions of 11% by 2020, and average annual government savings of USD 93 per tonne of CO2 abated.