Towards Socially and Ecologically Sustainable Energy Markets
Options to reform energy pricing in the G20
Michael Jakob and Nora Sophie Kögel (2022): Towards Socially and Ecologically Sustainable Energy Markets. Options to reform energy subsidies in the G20. Ecologic Institute, Berlin.
This report outlines how fossil fuel subsidies could be reformed to simultaneously address social issues in the short term without jeopardizing progress towards long-run climate targets. It first provides a concise overview of fossil fuel subsidies in the G20. It then discusses alternative ways to shield consumers against the effects of higher energy prices. Finally, it provides recommendations how the G20 could work toward socially balanced energy pricing.