UPDATE ON RECENT PROGRESS IN REFORM OF INEFFICIENT FOSSIL FUEL SUBSIDIES THAT ENCOURAGE WASTEFUL CONSUMPTION

Review teams were comprised of representatives from Germany, Indonesia, the United States, the IMF, and the OECD for the review of China; and of Germany, Mexico, and the OECD for the review of the United States. [...] The Friends have participated and contributed to events and international processes at the Conference of Parties meetings of the UNFCCC, the World Bank and IMF “Spring” meetings, the UN Sustainable Development processes, and the Clean Energy Ministerial. [...] A number of discrepancies prevail due to the definitions and measurement approaches adopted, the coverage of countries and fuels, energy price fluctuations, the time period and the types of support considered.18 The price-gap approach, described earlier in the report, is commonly used to measure subsidies based on the amount by which the price of a given fuel falls short of its reference price, wh. [...] The level of the subsidy ranges from EUR 37.5 to EUR 625 per winter, based on the number of people in the household, the value of the home, and the climate zone. [...] The level of the subsidy ranges from EUR 37.5 to EUR 625 per winter, based on the number of people in the household, the value of the home, and the climate zone.