COP15: OECD, GSI and IEA discuss why and how to eliminate fossil-fuel subsidies

COPENHAGEN - 14 December 2009 - In a side event to climate change negotiations COP15, the Global Subsidies Initiative (GSI) moderates a discussion about how the reform of fossil-fuel subsidies can move from rhetoric to action, given the significant role this could play in the mitigation of climate change and the achievement of a number of other economic objectives, including better management of public spending and improving the investment environment for renewable energy technologies. This follows a committment by the Group of Twenty (G-20) in September 2009 to rationalize and phase out inefficient fossil-fuel subsidies that encourage wasteful consumption.

This video features interviews with several of the speakers at the event:

* Helen Mountford, Deputy Director of the Environment Directorate at the Organisation for Economic Co-operation and Development (OECD)

* Peter Wooders, the GSI's Senior Economist

* Fatih Birol, Chief Economist of the International Energy Agency (IEA)

For more information about fossil-fuel subsidies and how they can be reformed, visit the GSI's website: http://www.globalsubsidies.org/en/research/fossil-fuel-subsidies

Category:

Nonprofits & Activism

Tags:

• iisd
• gsi
• fossil
• fuel
• subsidy
• subsidies
• OECD
• IEA
• climate
• change
• COP15
• copenhagen