APICorp

Analysis of the Scope of Energy Subsidies and Suggestions for the G-20 Initiative (and Related Documents)

This joint report to the G20 Finance Ministers and Leaders was issued by the IEA, OPEC, OECD and World Bank in response to a request by G20 Leaders when they met in Pittsburgh in September 2009. At that time, leaders agreed to “rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption” and asked the study authors to jointly provide "an analysis of the scope of energy subsidies and suggestions for the implementation of this G20 country initiative”.