This working paper analyzes the assumptions, data and environmental and economic implications of removing fossil fuel subsidies. Its primary findings are that removing these subsidies would equate to approximately one-seventh of the action needed to keep global temperature increase below 2°C, and that although their removal would provide global economic and environmental benefits, not all countries and regions would benefit evenly. In particular, it notes that oil-exporting countries would likely face small real income reductions, but that these could be mostly compensated for by using former fossil fuel subsidy monies for social welfare-improving activities.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/mitigation-potential-removing-fossil-fuel-subsidies
[2] http://admin.indiaenvironmentportal.org.in/category/author/jean-marc-burniaux
[3] http://admin.indiaenvironmentportal.org.in/category/author/jean-chateau
[4] http://admin.indiaenvironmentportal.org.in/category/publisher/oecd
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/environment
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
