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Joint report by IEA, OPEC, OECD and World Bank on fossil-fuel and other energy subsidies (2011) An update of the G20 Pittsburgh and Toronto Commitments (pdf, 14 pages, 750 KB) This joint report to the G20 Summit in Cannes in November 2011 highlights the extent of subsidies and other support to fossil-fuel production and consumption, the potential economic and environmental benefits of subsidy reform, and guidance on how countries can undertake the reforms while still protecting the poor.

See also: The Scope of Fossil-Fuel Subsidies in 2009 and a Roadmap for Phasing out Fossil-Fuel Subsidies: An IEA, OECD and World Bank report (2010) Report for the November 2010 G20 summit meeting in Seoul, Korea Analysis of the Scope of Energy Subsidies and Suggestions for the G20 Initatitive (2010) IEA, OPEC, OECD, World Bank joint report for the June 2010 G20 summit meeting in Toronto, Canada Background papers to this joint report:  - Measuring Support to Energy - Version 1.0 by the OECD Secretariat  - An Overview of the OECD ENV-Linkages Model by Jean-Marc Burniaux and Jean Chateau, OECD

Background

Under the Korean G20 Presidency, the International Energy Agency (IEA), OECD, OPEC and the World Bank were requested to prepare a report on fossil fuel subsidies "The Scope of Fossil-Fuel Subsidies in 2009 and a Roadmap for Phasing out Fossil-Fuel Subsidies: An IEA, OECD and World Bank report" for the November 2010 G20 summit meeting in Seoul, Republic of Korea.

This work extends the analysis of an earlier Joint Report on fossil fuel subsidies that had been prepared by the IEA, OECD, OPEC and the World Bank and presented to the G20 Toronto Summit in June 2010. The 2011 joint report includes data on fossil fuel consumption subsidies for 2009 and provides a road map for phasing out fossil-fuel subsidies.

The work on fossil-fuel subsidies by the international organisations was in response to a request by G20 Leaders when they met in Pittsburgh in September 2009. At that time, leaders agreed to “rationalize and phase out over the medium term inefficient fossil-fuel subsidies that encourage wasteful consumption”. They asked the OECD together with the IEA, OPEC and the World Bank to “provide an analysis of the scope of energy subsidies and suggestions for the implementation of this G20 country initiative".

The work by the international organisations includes:

• Discussion of the scope of energy subsidies;
• Preliminary estimates of energy subsidies, and identification of the gaps in the existing data and issues around the measurement of energy subsidies;
• Modelling-based analysis of the implications of phasing out fossil-fuel subsidies on the economy, including socio-economic and trade impacts, the environment, and the energy sector; and
• Suggestions for the implementation of phase-out of these subsidies, drawing on country case studies, including discussion of how to address social impacts.

G20 Statements referencing the work on fossil-fuel subsidies

All links are to PDF files on the official G20 website, www.g20.org.

• G20 Toronto Summit Declaration, 26-27 June 2010

• G20 Communiqué, Meeting of Finance Ministers and Central Bank Governors, Busan, Republic of Korea, 5 June 2010

• G20 Communiqué, Meeting of Finance Ministers and Central Bank Governors, Washington D.C., 23 April 2010

• G20 Communiqué, Meeting of Finance Ministers and Central Bank Governors, London, 7 November 2009

• Leaders' Statement, The G20 Pittsburgh Summit, 24-25 September 2009

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