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.
The project aims to facilitate a focused, well-founded and trustful exchange between leading German environmental organisations and think tanks on the climate agenda of the G7 and the G20. The aim is to invite persons to the expert dialogue who have distinguished themselves through years of political commitment in multilateralism and who are multipliers in their field. The expert dialogue will identify the most pressing climate policy issues for the G7 and the G20 and discuss recommendations for action.