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Could cutting fossil fuel subsidies curb climate change – and poverty?

Date
Time (GMT +00) 12:00 13:00
Hero image description: A cluster of homes built on a shallow lake in the southern Philippine province of Agusan del Sur Image credit:Jason Gutierrez Image license:ODI given rights

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Could cutting fossil fuel subsidies curb climate change – and poverty?


Join a live online debate: Tuesday, December 10, 2013, 12:00-13:00 GMT

Hosted by Thomson Reuters Foundation and the Climate and Development Knowledge Network (CDKN)

Are fossil fuel subsidies undermining progress toward a greener, more climate-resilient global economy – and one that more effectively fights poverty?

Governments each year spend around half a trillion dollars on fossil fuel subsidies – a huge expense that pulls investment away from other budget priorities that might more directly help the poor, including education, healthcare and infrastructure. Egypt, Indonesia, Pakistan and Venezuela each spend at least twice as much on fossil fuel subsidies as on public health, and studies show the subsidies disproportionately benefit the rich around the world, as well as making it harder for renewable energy to find support and funding.

Is it time to reduce or eliminate them? How might that happen, and how could the political obstacles be overcome? What difference could lower fossil fuel subsidies make to poverty levels? Our experts take your questions.

To promote the site to your contacts (please do!) use this link: http://cutsubsidies.trust.org

Or, if you’re on Twitter, just tweet! Here are a couple of sample posts to just copy and use if you like:

Cut fossil fuel subsidies to curb climate change and poverty? Join me in an online debate: Tues, 10 Dec, noon GMT http://cutsubsidies.trust.org #cutsubsidies

Join AlertNetClimate and CDKN Tues 10 Dec at noon GMT for a live debate on fossil fuel subsidies http://cutsubsidies.trust.org #cutsubsidies