Achieving the G-20 Call to Phase Out Subsidies to Fossil Fuels

In order to reform fossil fuel subsidies, G-20 governments must first identify the scope, value and impacts of the subsidies they provide to both fossil fuel producers and consumers. Standardized and regular reporting on subsidies is a crucial first step and should be complemented with an international monitoring framework. The Global Subsidies Initiative (GSI) has developed tools for identifying, classifying and quantifying fossil fuel subsidies.