Rationalize inefficient fossil-fuel subsidies that encourage wasteful consumption by removing market distortions, in accordance with national circumstances, including by restructuring taxation and phasing out those harmful subsidies, where they exist, to reflect their environmental impacts, taking fully into account their specific needs and conditions of developing countries and minimizing the possible adverse impacts on their development in a manner that protects the poor and the affected communities.

CSO data

Status: Fossil fuel subsidies increasing.

12.c.1 Fossil fuel subsidies were estimated at €2.2 billion in 2020. In 2000, total fossil fuel subsidies were estimated at €1.5 billion in value. This increased to €2.7 billion in 2008.