The OECD produces Companion publications to the Inventory to draw out trends in the 1,300 individual government measures covered, and complement the analysis by reviewing recent international developments. The Companion also provides analytical work to support the G20 commitment to phase out inefficient fossil fuel subsidies, as well as tailored advice to bolster national reform.
OECD Companion to the Inventory of Support Measures for Fossil Fuels 2021
This report draws on more than 1 300 government budgetary transfers and tax expenditures providing preferential treatment for the production and consumption of fossil fuels as documented in the 2020 OECD Inventory of Support Measures for Fossil Fuels to track progress in reform of support. It sets out principal trends across 50 OECD, G20 and European Union (EU) Eastern Partnership (EaP) economies, including as resulting from the COVID-19 crisis and novel sectoral decomposition of Inventory data. It reports on developments in tracking and monitoring fossil fuel support in the context of the G20 and the UN Sustainable Development Goals, and with respect to enhancing the interpretation of tax expenditure data. Finally, the report offers a sequential framework to assist governments assess and address the effects of fossil-fuel support measures and their reform, given ongoing challenges in gaining traction for reform. The full report is available on the OECD iLibrary.
Previous inventory publications
» 2018 edition
» 2015 edition
» 2013 edition
G20 voluntary peer reviews of the reform of inefficient fossil fuel subsidies
In September 2009, Leaders of the Group of Twenty (G20) economies committed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies while providing targeted support for the poorest.” To follow up on this commitment, members of the G20 have since engaged in a voluntary process of periodically reporting on their fossil-fuel subsidies. In an effort to further facilitate the sharing of experience and mutual learning among G20 members, G20 Finance Ministers announced in February 2013 that they would seek to develop a framework for voluntary peer reviews for rationalising and phasing out inefficient fossil-fuel subsidies that encourage wasteful consumption.
This led in December 2013 to a joint announcement by the People’s Republic of China and the United States of America that the two countries would undertake a reciprocal peer review of their fossil-fuel subsidies under the G20 process. The OECD was invited to serve as Chair of these reviews.
Peer Review of Italy
Self Review of Italy
Peer Review of Indonesia
Self Review of Indonesia
In November 2017, the reciprocal peer reviews of Germany and Mexico, conducted as part of the G20 process outlined above, were published. These reviews were chaired by the OECD.
Peer Review of China (G20低效化石燃料补贴同行审议-中国审议报告-中文-提交峰会)
Self Review of China (G20低效化石燃料补贴同行审议-中国自述报告-中文-提交峰会)
Peer Review of the United States
Self Review of the United States
Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals (UNEP, IISD & OECD)
The study Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals was prepared by the United Nations Environment Programme (UNEP) in close collaboration with the International Institute for Sustainable Development (IISD) Global Subsidies Initiative (GSI) and experts from the Organisation for Economic Co-operation and Development (OECD).
The importance of measuring fossil fuel subsidies (FFS) has been recognized in the SDG process with a dedicated indicator on measuring FFS (12.c.1 – – “Amount of fossil fuel subsidies per unit of GDP”). As custodian agency for the SDG indicator 12.c.1, UN Environment has developed a methodology to measure fossil fuel subsidies to provide guidance to UN member countries on reporting on this indicator.
While periodic international monitoring on fossil fuel subsidies is carried out by international organisations such as the OECD, IMF and IEA, reporting under the SDG12.c.1 indicator will be the first attempt to systemically monitor fossil fuel subsidies to both consumption and production based on national data from 193 UN member countries and to collect this using an internationally agreed methodology. This monitoring and reporting on fossil fuel subsidies will help to increase transparency on fossil fuel subsidies, providing comparable data to allow the tracking of national and global trends.
IEA World Energy Outlook
The global energy landscape is evolving at a rapid pace, reshaping long-held expectations for our energy future. This Outlook explores different pathways out of the Covid-19 crisis, with a particular focus on a pivotal next ten years to 2030. At this hugely consequential moment for the energy sector and for the urgent global response to climate change, the WEO-2020 illustrates the historic nature of the choices, opportunities and pitfalls that will shape where we go from here.