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Mobilizing Climate Finance. A paper prepared at the request of G20 Finance Ministers. October 6, 2011Work on this paper was coordinated by the World Bank Group, in close partnership with the IMF, the OECD and the Regional Development Banks (RDBs)
English, PDF, 901kb
This paper responds to the request of G20 Finance Ministers in exploring scaled up finance for climate change adaptation and mitigation in developing countries. This paper was coordinated by the World Bank Group, in close partnership with the IMF, the OECD and the Regional Development Banks. The OECD contributed the analysis of fossil fuel support, monitoring and tracking of climate finance and other inputs.
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In September 2009, G20 Leaders agreed to rationalise and phase out, over the medium term, inefficient fossil fuel subsidies. The OECD, together with other inter-governmental organisations, has contributed to several reports on energy subsidies in response to G20 Leaders‟ mandates and requests.
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This report, prepared for the G-20 by the International Energy Agency (IEA), the Organisation for Economic Co-operation and Development (OECD) and the World Bank, estimates the scope of fossil-fuel subsidies in 2009 and provides a roadmap for phasing-out fossil-fuel subsidies.