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Cambridge Institute for Sustainability Leadership

The G20 resolved: “To phase out and rationalise over the medium term inefficient fossil fuel subsidies” in 2009, which was reaffirmed in 2013 in spite of the little progress that had been made.

The G7 stated that: “we remain committed to the elimination of inefficient fossil fuel subsidies” in 2015.

APEC agreed in 2011 to: “Rationalise and phase out inefficient fossil fuel subsidies […] and set up a voluntary reporting mechanism on progress, which we will review annually”.

The Friends of Fossil Fuel Subsidy Reform issued a Communiqué supported by 40 countries, international organisations and businesses is calling on Governments to join them and implement key principles around practical action covering communication and transparency, ambition in scope and timeframe for implementing reforms, and targeted support to ensure reforms are implemented in a manner that safeguards the poorest.