Klimscheffskij, Markus's Books

Swapping Fossil Fuel Subsidies for Sustainable Energy

By: Richard Bridle,Laura Merrill,Mikki Halonen,Anna Zinecker,Markus Klimscheffskij,Paula Tommila

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Swapping Fossil Fuel Subsidies for Sustainable Energy

By: Richard Bridle,Laura Merrill,Mikki Halonen,Anna Zinecker,Markus Klimscheffskij,Paula Tommila

Underpricing of fossil fuels, caused by subsidies, drives carbon intensive consumption. Reforming fossil fuel subsidies and allocating some of the savings to sustainable energy could accelerate a transition to fairer, safer, cleaner and more sustainable energy systems. This report outlines the Nordic Council of Ministers’ work to promote these swaps through the development of a business model and description of the link between fossil fuel subsidies, reforms and carbon emissions. The report evaluates potential swaps to increase industrial energy efficiency in the mining sector, in the context of energy sector reforms in Zambia; and the replacement of butane subsidies with solar investments in Morocco. The report also presents an outline of how Nordic countries are supporting reforms and driving the swaps agenda as part of Nordic Solutions to Global Challenges.

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Nordic Council of Ministers

Published Date

ISBN 10

9289359110

ISBN 13

9789289359115

Mobilizing climate finance flows

Nordic approaches and opportunities

By: Mikko Halonen,Julia Illman,Markus Klimscheffskij,Henrik Sjöblom

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Mobilizing climate finance flows

Nordic approaches and opportunities

By: Mikko Halonen,Julia Illman,Markus Klimscheffskij,Henrik Sjöblom

If the Agreement’s goal - limit the global temperature increase below 2°C - is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways. This study analyses the roles Nordic actors might play in mobilizing finance flows internationally and outlines a roadmap that can guide joint Nordic action during the next five to ten years. While the roadmap covers components of “climate related ODA” and climate compatible contributions from the private sector, the focus of the roadmap lies on the crucial bridging and dialogue that is required between key actors. Building on identified Nordic strengths and areas needing accelerated international support, the report concludes with a set of immediate next steps to operationalize the roadmap in 2017-2018.

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151

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Nordic Council of Ministers

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ISBN 10

9289349298

ISBN 13

9789289349291

Making the Switch

From fossil fuel subsidies to sustainable energy

By: Merrill, Laura ,Bridle, Richard ,Klimscheffskij, Markus ,Tommila, Paula ,Lontoh, Lucky ,Sharma, Shruti ,Touchette, Yanick ,Gass, Phil ,Gagnon-Lebrun, Frédéric ,Sanchez, Lourdes ,Gerasimchuk, Ivetta

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Making the Switch

From fossil fuel subsidies to sustainable energy

This report estimates fossil fuel subsidies to be around USD 425 billion. Such subsidies represent large lost opportunities for governments to invest in renewable energy, energy efficiency and sustainable development. Removal of consumer subsidies can lead to carbon emission reductions (6 to 8 per cent by 2050 globally), Reductions that can be improved further with a switch or a "SWAP" towards sustainable energy. This report describes the scale and impact of fossil fuel subsidies on sustainable development. It describes the SWAP concept to switch savings made from fossil fuel subsidy reform, towards sustainable energy, energy efficiency and safety nets. The report provides potential SWAP outlines for Bangladesh, Indonesia, Morocco and Zambia. "Making the Switch" was written for the Nordic Council Ministers by the Global Subsidies Initiative of IISD and Gaia Consulting.

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