Data tools to track government support measures for fossil fuels
Nov 4, 2021 | 3:00 PM - 4:30 PM
Nov 4, 2021 | 3:00 PM - 4:30 PM
Description
It is widely acknowledged that government support for fossil fuels undermines global efforts to mitigate climate change by distorting price signals for technology and energy-related investments, production and consumption decisions, while draining scarce fiscal resources that could be put to better use. Governments have committed to phasing out inefficient fossil-fuel subsidies in a number of international fora, but reforms are difficult to put in place if the magnitude and full impact of support measures are not fully understood.
To enhance transparency and help governments to commit to reforms, the OECD and its partners have designed data tools that provide detailed information on support measures for fossil fuels that could be considered for a phaseout. Such data tools cover both consumer and producer support and complement existing tracking efforts of other international organisations. They allow researchers and governments to track national and global progress towards achieving climate objectives. This session will showcase these data tools explaining their functionalities, content and how they be used for analytical and policy use. The session will also highlight complimentary data source for emissions resulting from fossil fuel use.
