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International organisations, countries and businesses commit to work together on fossil fuel subsidies elimination

last modified Jul 03, 2015 05:19 PM
3 July 2015 – Cambridge Institute for Sustainability Leadership (CISL) has facilitated a high-level debate with 40 senior decision-makers and influencers who agreed to work together to address the challenge of eliminating fossil fuel subsidies.


Leaders from business, government and international organisations represented at the meeting at Lancaster House agreed on the urgent need for fossil fuel subsidy reform, as this would make a significant contribution to our shared objectives of reducing greenhouse gas emissions and enabling sustainable growth.

HRH The Prince of Wales later endorsed the work of the meeting calling for the abolishment of fossil fuel subsidies, by reiterating that, “shifting these subsidies could cut global emissions by about thirteen per cent.”

The Prince's remarks were made in a speech at a dinner to launch a new report by CISL (of which The Prince is Patron) to ‘rewire’ the economy in favour of sustainable business models that deliver positive outcomes for people and the environment.

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Eliot Whittington

Eliot Whittington, Director, Policy