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Fossil Fuel Subsidy Reform: Lessons and Opportunities
Fossil Fuel Subsidy Reform: Lessons and Opportunities
November 10, 2021
Removing fossil fuel subsidies is key to reduce greenhouse gas emissions and limit climate change. However, if poorly planned, fossil fuel subsidy reform can lead to price increases that could impact the poorest and trigger social unrest. Beyond being environmentally impactful, such reforms must be socially and economically fair to be accepted by citizens. UNDP's research highlights the key factors for such reforms to be successful.
