{"id":8316,"date":"2018-03-05T10:00:00","date_gmt":"2018-03-05T10:00:00","guid":{"rendered":"https:\/\/www.kyotoclub.org\/?p=8316"},"modified":"2018-03-05T10:00:00","modified_gmt":"2018-03-05T10:00:00","slug":"oecd-fossil-fuel-subsidies-added-up-to-at-least-373bn-in-2015","status":"publish","type":"post","link":"https:\/\/www.kyotoclub.org\/en\/news-en\/news-from-the-world\/2018\/03\/05\/oecd-fossil-fuel-subsidies-added-up-to-at-least-373bn-in-2015\/","title":{"rendered":"OECD: Fossil fuel subsidies added up to at least $373bn in 2015"},"content":{"rendered":"<p>The new figure harmonises estimates up to 2015 from the&nbsp;<a href=\"http:\/\/www.oecd.org\/\" target=\"_blank\">Organisation for Economic Co-operation and Development<\/a>&nbsp;(OECD) and the&nbsp;<a href=\"https:\/\/www.iea.org\/\" target=\"_blank\">International Energy Agency<\/a>&nbsp;(IEA), which largely assess different countries in their estimates of fossil fuel subsidies.<\/p>\n<p>The&nbsp;<a href=\"http:\/\/www.oecd.org\/environment\/oecd-companion-to-the-inventory-of-support-measures-for-fossil-fuels-2018-9789264286061-en.htm\" target=\"_blank\">report<\/a>&nbsp;shows support in 76 countries dropped significantly in 2015 compared to 2014, when it sat at $551bn. However, the estimates&nbsp;do not cover all fossil fuel subsidies, therefore are likely to still be a substantial underestimate of global fossil fuel subsidies.<\/p>\n<p>The OECD&nbsp;<a href=\"http:\/\/stats.oecd.org\/Index.aspx?DataSetCode=FFS_GBR\" target=\"_blank\">inventory<\/a>&nbsp;of fossil fuel &ldquo;support&rdquo;, released last week alongside the report, also includes new, separate figures for subsidies in 2016 for the&nbsp;<a href=\"http:\/\/www.oecd.org\/about\/membersandpartners\/\" target=\"_blank\">35 OECD countries<\/a>&nbsp;and eight large developing nations. (The OECD is a collective of market-based economies, first formed in 1960, which<a href=\"http:\/\/www.oecd.org\/about\/\" target=\"_blank\">&nbsp;aims to be<\/a>&nbsp;a &ldquo;forum for governments to work together to share experiences and seek solutions to common problems&rdquo;.)<\/p>\n<p>The&nbsp;<a href=\"http:\/\/www.oecd.org\/environment\/oecd-companion-to-the-inventory-of-support-measures-for-fossil-fuels-2018-9789264286061-en.htm\" target=\"_blank\">report<\/a>&nbsp;shows subsidies in these countries was at least $151bn in 2016. Reductions of fossil fuel subsidies in more developed OECD countries have stalled over the past few years, the inventory shows, with most reform instead occurring in developing nations, such as Indonesia and India.<\/p>\n<p><a href=\"https:\/\/www.eceee.org\/all-news\/news\/news-2018\/oecd-fossil-fuel-subsidies-added-up-to-at-least-373bn-in-2015\/https:\/\/www.eceee.org\/all-news\/news\/news-2018\/oecd-fossil-fuel-subsidies-added-up-to-at-least-373bn-in-2015\/\" title=\"Opens a new tab\" target=\"_blank\">Read the original article.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fossil fuel subsidies totalled at least $373bn globally in 2015, according to a new report which for the first time combines figures from two key intergovernmental organisations.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"kc_post_selected_socio_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26],"tags":[],"class_list":["post-8316","post","type-post","status-publish","format-standard","hentry","category-news-from-the-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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