As COP30 approaches, it’s time to get fossil fuel subsidy phase-out back into the COP outcomes – stronger than before.
Our new Advocacy Toolkit helps climate advocates, negotiators, and civil society push for ambitious decisions on climate finance and subsidy reform in Belém.
💡 Why this matters:
At COP29, the $300 billion NCQG fell short of global needs, eroding trust and weakening developed countries’ finance obligations under the UNFCCC and Paris Agreement. Meanwhile, the Baku-to-Belém Roadmap risks becoming a non-binding report unless Parties act decisively at COP30.
🔥 We demand:
1️⃣ A strong COP30 decision on climate finance that:
• Recalls Decision 1/CMA.5 para 28(h) — requiring Parties to submit national fossil fuel phase-out plans consistent with Paris goals and equity principles.
• Calls on high-income countries to redirect fiscal gains from subsidy removal toward international climate finance and debt-free contributions.
• Ends public finance for fossil fuels, shifting it toward the clean energy transition.
2️⃣ Recognition that fossil fuel subsidy reform is a finance measure — redirecting even part of the >$1.1 trillion in annual subsidies could cover a substantial share of the $1.3 trillion target needed by 2035.
📊 Key talking points:
• All fossil fuel subsidies are “inefficient” until proven otherwise.
• Subsidy reform must protect low-income households and ensure energy access.
• The ICJ advisory opinion clarifies that continued fossil subsidies may breach international law — COP30 must reflect this legal reality.
• Use the COFFIS framework as an example of actionable, transparent reform with clear timelines.
📚 Good to know:
• IPCC AR6: Subsidy removal lowers emissions, increases revenue, and reduces inequality.
• IMF (2023): Fully efficient fossil pricing could cut CO₂ emissions 43% below baseline by 2030.
• OECD/IISD: Global fossil fuel subsidies exceed USD 1.1 trillion annually.
📩 Contact: info@stopfossilsubsidies.eu
Let’s make COP30 the turning point where finance and fairness align — and fossil fuel subsidies finally end.
#COP30 h#ClimateFinance #FossilSubsidies #JustTransition #ClimateJustice #COFFIS #ParisAgreement