The table below provides a complete overview of the status of FFS peer reviews under both G20 and APEC, as of  October 5, 2017. Research estimates that the removal of global subsidies to fossil fuel consumption would lead to a global decrease in carbon emissions of between 6.4 and 8.2 per cent by 2050. Please see our, Major countries receiving subsidies for fossil fuels worldwide in 2016, by fuel type, Fossil fuel consumption in the United States, U.S. fossil fuel energy consumption: 1985-2019, Natural gas consumption in the United States: 1995-2019, Estimated petroleum consumption in the United States 1985-2019, U.S. coal consumption - in exajoules 1998-2019, Fossil fuel energy primary consumption - United States by sector 1990-2019, Electricity generation in the U.S. 1990-2019, by fuel, Average costs of fossil fuels for U.S. electricity generation 2018, Producer price index of petroleum products 2000-2019, U.S. producer price index of natural gas 2000-2019, U.S. gas and oil companies: capex on exploration and development 2010-2018, Fossil fuel consumption subsidies as percentage of GDP in select countries 2013, Global consumption subsidies for fossil fuels by source 2010-2018, Canada's support for fossil fuels by product 2016, Global fossil fuel subsidies by source 2017, Global support for fossil-fuels 2013-2017, Equatorial Guinea's fossil fuels industry selected figures 2019, Anadarko Petroleum's fossil fuels sales volumes 2007-2018, Nigeria's fossil fuels industry selected figures 2019, Financing via shares in MDBs for fossil fuel production in G20 countries 2013-2014, Algeria's fossil fuels industry selected figures 2019, G20 international public finance for fossil fuel production 2013-2014, Angola's fossil fuels industry selected figures 2019, Domestic public finance for fossil fuel production in G20 countries 2013-2014, Phase-out of fossil fuel consumption subsidies: CO2 savings, Total U.S. federal transportation grants to state and local governments, U.S. federal highway transportation grants to state and local governments, U.S. federal air transportation grants to state and local governments, Major countries receiving subsidies for fossil fuels worldwide in 2016, by fuel type (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. facts. Profit from additional features by authenticating your Admin account. Listed nine subsidies worth USD 14.5 billion and included a reform plan and timeline, identifying subsidies for phase out in the near future. and over 1 Mio. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. * All products require an annual contract; Prices do not include sales tax. The analysis builds on the OECD Inventory of support measures for fossil fuels.In 2019, oil and gas industries in several countries received additional benefit, mostly through direct budgetary support to alleviate corporate debt, fossil-fuel infrastructure investments, and tax provisions that provide preferential treatment on capital expenditures for fossil-fuel production. The APEC panel reviewed eight measures that are considered to support the fossil fuel sector, but none of them was identified as inefficient FFSs that led to wasteful consumption. The guidebook will be shared with the participants of the 54th APEC Energy Working Groupin Wellington, New Zealand on November 20–24, 2017. Meanwhile, FFS reviews should specifically analyze the impact of FFSs, and their possible reform, on the poorest. The peer review team concluded that all five subsidies have inefficiencies, though small in magnitude, and provided recommendations for the rationalization of these policies. With this growing body of experience, all countries—and not just G20 and APEC members—can perform reviews, starting with self-reports and volunteering for peer reviews where expedient.
November 14, 2017. The G7, G20, European Union and Asia-Pacific Economic Cooperation (APEC) governments have all committed “to rationalize inefficient FFS that encourage wasteful consumption.” But how can we support them? If reformed, these vast amounts of public money can support sustainable development causes such as public health, education, and the switch to renewable energy and low-carbon infrastructure. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. That is why methodologically robust FFS reviews are important. These subsidies incentivize the production and consumption of fossil fuels. IEA. China, Germany, Indonesia, Italy, Mexico and the USA had done this earlier. The economic and environmental case for FFS phase-out is obvious, and their reform is a “when” rather than an “if” question. Accessed October 01, 2020. https://www.statista.com/statistics/498930/annual-fossil-fuel-subsidies-by-major-country/, IEA. Statista. Major countries receiving subsidies for fossil fuels worldwide in 2016, by fuel type (in million U.S. dollars) [Graph]. The reviews’ scope included both consumption and production subsidies. OECD analysis of budgetary transfers, tax breaks and spending programmes linked to the production and use of coal, oil, gas and other petroleum products in 44 OECD and G20 economies showed that total fossil fuel support rose by 10% to USD 178 billion in 2019, ending a five-year downward trend. "Major Countries Receiving Subsidies for Fossil Fuels Worldwide in 2016, by Fuel Type (in Million U.S. Among energy products, support to petroleum remained the largest component with 74% of the total support estimate. Thus, the elimination of all subsidies to both fossil fuel production and consumption globally will reduce emissions by roughly 10 per cent. dollars)." Then you can access your favorite statistics via the star in the header. This publication unpacks how all other countries can join almost a third of G20 members and nearly half of APEC members who are at different stages of their FFS reviews. The plunge in oil prices this year offers a clear chance to wean economies off this support. Lower oil prices meant governments spent less subsidising energy costs for end-users. This represents a rise in overall support for the production of fossil fuels of 38%. (billed annually).

$59 per month* Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. They maintain economies locked up in energy- and pollution-intensive technologies; they jeopardise efforts to modernise economies and strengthen the competitiveness of clean, low-carbon sectors; and they may be socially inequitable. Get inspired and stay up-to-date with GSI. They involve participation of various relevant government agencies, one of which acts as a coodinator, as well as other stakeholders such as representatives of energy producers and consumers and research institutes. The review for the United States lists 17 subsidies with a total value of USD 8.2 billion. You only have access to basic statistics. This feature is limited to our corporate solutions. Self-reports are the engine of both transparency and discussion over FFSs at the country level.

By encouraging combustion of fossil fuels, such government support contributes to exposing people to air pollution, which can exacerbate vulnerability to pandemics like the Covid-19.Nonetheless, some progress has been made. The IEA calculates that the global subsidy bill for fossil fuels stood at about $490bn in 2014, although reductions in the market price of oil, gas and coal since then will have lessened that total. For example, both Finland and Sweden have benefited from the broader scope of their reviews by examining FFS within the context of potentially environmentally harmful subsidies under the EU commitment to phase these out by 2020. With a global value of at least USD 425 billion a year, FFSs are often fiscally burdensome, economically inefficient, socially regressive and environmentally harmful. Out of the five policy measures identified, two were no longer in effect, two were not subsidies (but created market distortions) and one was a subsidy. It also draws on the time-tested methodologies of subsidy analysis developed by the Organisation for Economic Co-operation and Development (OECD), International Energy Agency (IEA) and the Global Subsidies Initiative. A further Guidebook to Fossil-Fuel Subsidy Reform is also available to download here.

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