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13:00 to 14:45: Breaking Down Political Barriers to Fossil Fuel Subsidy Reform
20 Jun 2012 - 20 Jun 2012
12:00 PM - 2:45 PM

Banco the Caixa

Fossil-fuel subsidies represent an inefficient use of public funds, encourage wasteful energy consumption and deter investments in a low-carbon economy. Both G-20 and APEC nations are committed to undertake reform, and the draft UNCSD negotiating text includes commitments to reform subsidies. But recent attempts to phase out fossil-fuel subsidies by the governments of Indonesia, Iran, Nigeria and some other countries have stumbled over significant political barriers.

This session aims to foster an open and constructive discussion among all stakeholders on the practical and political barriers to fossil-fuel subsidy reform and how they can be overcome. The session will include perspectives from government officials from both developed and developing countries, industry associations, trade unions, social and labour political activists and civil society organisations.

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