An Asia Clean Energy Forum (ACEF) 2019 Deep Dive Workshop

Subsidies continue to support fossil fuel use in countries around the world, increasing demand and holding back the deployment of clean energy – renewables and energy efficiency technologies. The reform of fossil fuel subsidies along with increased environmental taxation has an impact on the energy mix sending a clear signal to investors. The reallocation of revenues from subsidy reform savings and increased environmental taxation to support clean energy deployment, a subsidy “swap”, offers the potential to accelerate the clean energy transition.

These clean energy subsidy swaps are starting to be implemented and considered in many countries. This workshop will explore how policymakers are designing fossil fuel subsidy reforms to promote a clean energy transition through the scale-up of clean energy supply chains and finance in Emerging and other developing economies and how public money from subsidy reform or increased fossil fuel taxation can be used to leverage the private sector investment in clean energy vital to this scale-up.