Using importers’ windfall savings from oil subsidy reform to enhance international cooperation on climate policies

Michael Jakob () and Jérôme Hilaire ()

Climatic Change, 2015, vol. 131, issue 4, 465-472

Abstract: Fossil fuel subsidy reform would not only decrease consumption, but also lower the world market price of traded fossil energy carriers, in particular oil. As a consequence, oil importers would lower their import bills by more than US$ 30 bn per year. Recycling at least a part of these savings to support low-carbon energy technologies in countries that reduce their subsidies could provide a mechanism to jointly incentivize transformation of the energy system and alter the political economy of subsidy reform. Copyright Springer Science+Business Media Dordrecht 2015

Date: 2015
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DOI: 10.1007/s10584-015-1406-2

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