This report examines how subsidy reform can help safeguard the world’s foundational natural assets—clean air, land, and oceans. These assets are critical for human health and nutrition and underpin much of the global economy. But subsidies for fossil fuels, agriculture, and fisheries are driving the degradation of these assets and harming people, the planet, and economies. This money -numbering in the trillions - could instead be used to finance much-needed climate action in countries across the world.
This report fills significant knowledge gaps using new data and methods. In doing so, it enhances understanding of the scale and impact of subsidies and offers solutions to reform or repurpose them in efficient and equitable ways. The aim is to enhance understanding of the magnitude, consequences, and drivers of policy successes and failures in order to render reforms more achievable.
Download the report here | Watch the video here | Read the blog here
This work was made possible by the financial contribution of the Korea Green Growth Trust Fund.