Fuel Subsidy Reform Since Pittsburgh G20: A Lost Decade?

By Jim Krane, Walid Matar and Francisco Monaldi

More than a decade after G20 representatives pledged to phase out fossil fuel subsidies, significant barriers to a full retraction remain. This paper examines the political and social rationale behind fossil fuel subsidies, the factors that make them so difficult to retract, and offers policy recommendations aimed at easing the path to subsidy reform.