Fiscal Policies for a Low Carbon and Inclusive Green Economy: The Role of Fossil Fuel Subsidy Reform


Event Summary

Carbon pricing and mobilizing domestic resources are among the measures included in the draft text for agreement in Paris. A number of countries have included fossil fuel subsidy reform in their Intended Nationally Determined Contribution (INDCs). Such fiscal policies are increasingly recognised as key tools to help address climate change. There is particular scope for action on fossil fuel subsidy reform and there are several examples of countries that have eliminated such subsidies or liberalized energy prices. Lessons from these experiences and emerging good practices can facilitate reforms elsewhere.

This event will examine the role of fiscal policies in the transition to a low-carbon, inclusive green economy. In particular, it will focus on how fossil fuel subsidy reform can mobilize public resources for green investment and shift behaviour to support climate action. The event will provide an opportunity for countries to share their experiences with fiscal policy reforms in the context of the INDCs, discuss how to address challenges and how to design reform processes to ensure their success.

Jochen Flasbarth, State Secretary, Ministry for Environment, Nature Conservation, Building and Nuclear Safety, Germany 
Ligia Noronha, Director, Division of Technology, Industry and Economics, UNEP 
Ian Parry, Principal Environmental Fiscal Policy Expert, Fiscal Affairs Department, IMF 
Representatives from Costa Rica, Ghana, Indonesia and Kenya.

For more details, please see event flyer.

This event is organized by the BMUB, GIZ, IMF and UNEP in the framework of the Green Fiscal Policy Network which aims to facilitate knowledge sharing, learning and dialogue on fiscal policies to support the green economy.


December 04, 2015 - December 04, 2015


The German Pavilion, Hall 2b, Le Bourget, COP21, Paris


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