Fossil Fuel Subsidy Reform in China
Fossil fuel subsidies lower the price we pay for gasoline, heating, and other commodities, but they also incentivize greater consumption of coal and oil – which pollute the environment and threaten the global climate. A recent peer review of China’s fossil fuel subsides found that China spends over 13 billion USD a year on fossil fuel subsidies – and that may be a conservative estimate.
In this episode, we interview Liu Shuang, a Program Officer at Energy Foundation China, to learn about the progress China is making in reforming its fossil fuel subsidies, and about the work Energy Foundation is doing to help China develop more efficient and low-carbon economic policies.
Read more about fossil fuel subsidies in Liu Shuang's piece for chinadialogue here.