Please read through the statement, then sign on below for your organization if you are able. Please contact Collin at email@example.com with any questions. Many thanks.
We were pleased to see the G20 Finance Ministerial in Shanghai on February 28, 2016, reaffirmed the long-standing G20 commitment to phase out fossil fuel subsidies, a promise which has been made at G20 leaders’ summits every year since 2009. However, given the urgency of the climate change crisis, underscored by the Paris Agreement reached in December of 2015, the next steps on this commitment are long overdue.
To catalyze real progress on phasing out fossil fuel subsidies, the 2016 G20 communique should include clear language that:
- Sets a clear timeline for the full and equitable phase-out by all G20 members of all fossil fuel subsidies by 2020, starting with the elimination of all subsidies for fossil fuel exploration and coal production.
- Sets a clear timeline for the phase out of domestic and international public finance for oil, gas and coal production by 2020, except in extreme cases where there is clearly no other viable option for increasing energy access to the poor.
- Commits all G20 members to be fully transparent from 2017 onwards about all fossil fuel subsidies in a consistent format that is publicly available on an annual basis. The OECD inventory should be strengthened and expanded to include all G20 countries (based on the current OECD model for tracking agricultural subsidies). The G20 should simultaneously increase transparency of reporting on investment in and finance for fossil fuel production by G20 majority publicly-owned financial institutions and state-owned enterprises.
To signal a commitment to these objectives, G20 members could enshrine the following text in the 2016 G20 communique:
- We reinforce our commitment to phase out and rationalize fossil fuel subsidies by 2020, recognizing the need to support the poor, and supported by transparent and publicly available annual reporting. Fossil fuel subsidies encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change.
- We commit to strengthening green and low-carbon policies and regulations with a view to ending public investment in oil, gas and coal projects both domestically and internationally by 2020, starting with the elimination of public finance for fossil fuel exploration and coal, supported by transparent and publicly available annual reporting.
These proposals (a) are in line with the objective of the recent Paris climate agreement to “align finance flows with low-emission, climate-resilient development and to shift public finance away from high-emitting infrastructure”, (b) fulfill the U.S. and China’s commitment to working closely with other G20 members to phase out fossil fuel subsidies by a “date certain”, (c) support the G20’s 2015 statements that “actions on energy, including improving energy efficiency, increasing investments in clean energy technologies and supporting related research and development activities will be important in tackling climate change and its effects”, and (d) on “the importance of diversification of energy sources and continued investments for increased energy security.”
A recent assessment found that G20 governments are spending $444 billion every year on support to fossil fuel production - via national subsidies ($70 billion), investments by state-owned enterprises ($286 billion) and public finance ($88 billion).  The report shows that subsidies are locking in long-lived, high-emitting infrastructure and unlocking new fossil fuel reserves. This is at the very time that we need to be investing public resources into alternatives to fossil fuels, and in spite of the recognition that we will need to keep 80% or more of existing fossil fuel reserves in the ground if we hope to avoid the worst impacts of climate change. Public finance continues to drive the climate crisis, while, by contrast, the cost of renewables is falling, and the investment returns on public support are better.
We urge G20 members to take the decisive steps toward ending fossil fuel subsidies outlined in this statement, with the key action being the establishment of an ambitious 2020 deadline for the phase out of subsidies, in order to drive sustained and scaled-up action in the coming years.
Oil Change InternationalGreenpeace InternationalWWF InternationalInternational Institute for Sustainable Development - Global Subsidies InitiativeOverseas Development Institute
Center for Human Rights and EnvironmentCIMAForo del Buen Ayre
Australian Youth Climate CoalitionBayside Climate Change Action GroupCentre for Climate SafetyCitizens Own Renewable Energy Network AustraliaClimate Action HobartClimate Action MonaroClimate Justice ProgrammeDarebin Climate Action NowEnvironment VictoriaMarket ForcesUnfoWodonga & Albury Towards Climate Health350 Australia
Canadian Unitarians for Social JusticeCanadian Youth Climate CoalitionCanadian Youth DelegationEnvironmental Defence CanadaFriends of the Earth CanadaSierra Club Canada FoundationStandWindfall Ecology Centre
Innovative Green Development Program
ACT AllianceBankTrackCAN-EuropeCarbon Market WatchChange PartnershipCIDSEClimate ExpressCNCD-11.11.11Concerned Citizens against Climate ChangeDiakoniaE3GEntraide et FraternitéFinnish Association for Nature ConservationFocus Association for Sustainable DevelopmentFundacja Rozwój TAK Odkrywki NIE Green Budget EuropeHealth and Environment AllianceHealth Care Without HarmHivosKoalicja KlimatycznaMouvement EcologiqueQuercus - National Association for Nature ConservationSOS FaimTransport & EnvironmentWomen in Europe for a Common FutureZERO - Associação Sistema Terrestre Sustentável11.11.11
Alofa TuvaluRéseau Action ClimatCliMates
BUND Sachsen e.V.GermanwatchGreen Budget GermanyJugendbündnis ZukunftsenergieKlima-Allianz DeutschlandUrgewald
Beyond Copenhagen CollectiveJusTeach Foundation
The Habibie CenterIndonesian Consumers OrganisationInstitute for Essential Services ReformPeople's Coalition for the Right to Water (KRuHA)350 Indonesia
Friends of the Earth JapanKiko Network350 Japan
Korean Federation of Environmental Movements (Friends of the Earth Korea)
Asociación de Usuarios del Agua de SaltilloBicitekas AC CartoCríticaColectivo Ts'unel BejInstituto de Políticas para el Transporte y el DesarrolloLatin American and the Caribbean Climate Finance Group
Friends of the Siberian Forests
Economic Justice Network of Fellowship of Christian Councils in Southern Africa
Çevre ve Tüketici Koruma DerneğiEcology Collective AssociationEmekli Öğretim ÜyesiFoça Çevre ve Kültür PlatformuOsmaniye Kastabala Çevre PlatformuTurkish Foundation for Combating Soil Erosion, For Reforestation and the Protection of Natural HabitatsWWF-TurkeyYeşil Düşünce DerneğiYuva Association
Ashden TrustCarbon Tracker InitiativeEnvironmental Funders NetworkFrederick Mulder FoundationJJ Charitable TrustMark Leonard TrustNew Economic FoundationOverseas Development InstituteThe Orp FoundationShareActionTax Justice NetworkThis Changes Everything UKUK Youth Climate Coalition
Amazon WatchBold NebraskaCenter for Biological DiversityClean Water ActionClimate Generation: A Will Steger LegacyClimate Justice ProjectClimate Law & Policy ProjectCorporate Accountability InternationalDC DivestDivest DartmouthEarth Day NetworkEarth in BracketsEarthlustElders Climate ActionEnergy Action CoalitionEnvironment AmericaFriends of the Earth U.S.Green Amherst ProjectiMatterInstitute for Policy Studies Climate Policy ProgramKentucky Student Environmental CoalitionLabor/Community Strategy CenterMontana Environmental Information CenterOther 98%Physicians for Social ResponsibilitySeacaucus Environmental DepartmentSierra ClubSouthern Oregon Climate Action NowStudents for a Just and Stable FutureSustainUS: U.S. Youth for Justice and SustainabilityUnion of Concerned ScientistsUtah State University Student Organization for Society and Natural ResourcesVirginia Student Environmental Coalition350 DC350 Louisiana350 Silicon Valley
CARE International - Poverty, Environment and Climate Change NetworkThe Climate Reality ProjectEKOenergyFast for the ClimateForum for the FutureGlobal Catholic Climate MovementGlobal WitnessGreenpeace InternationalInternational Institute for Sustainable Development - Global Subsidies InitiativeInternational Union of Socialist YouthLeave It in the Ground InitiativeNatural Resources Defense CouncilOil Change InternationalPartnership on Sustainable, Low Carbon TransportWorld RenewWWF International350.org
Africa Youth Coalition Against Hunger (Africa)Bangladesh Institute of Development Studies (Bangladesh)Asociación Ambiente y Sociedad (Colombia)Carfree (Nepal)Centre for Human Rights and Climate Change Research (Nigeria)Climate Change Network Nigeria (Nigeria)Climate Watch Thailand (Thailand)Cycle City Network Nepal (Nepal)Derecho, Ambiente y Recursos Naturales (Peru)Despacio (Colombia)Digo Bikas Institute (Nepal)East Africa Climate Change Network (East Africa)Global South Initiative (Nepal)Greater Active Reconstruction and Justice Action Network-Nepal (Nepal)Iniciativa Construyendo Puentes (Latin America & Caribbean)La Ciudad Verde (Colombia)Mom Loves Association (Taipei) Movimiento Ciudadano frente al Cambio Climático (Peru)New Zealand Climate Action Network (New Zealand)Our Niger Delta Environment (Nigeria)P3 Foundation (New Zealand)Reacción Climática (Bolivia)Sano Sansar Initiative (Nepal)Sociedad Amigos del Viento (Uruguay)Spaces for Change (Nigeria)TierrActiva Perú (Peru)Young Sustainable Development Solutions (Benin)
 Report: https://www.odi.org/publications/10058-empty-promises-g20-subsidies-oil-gas-and-coal-production