OECD Companion to the Inventory of Support Measures for Fossil Fuels 2021
This report draws on more than 1 300 government budgetary transfers and tax expenditures
providing preferential treatment for the production and consumption of fossil fuels
as documented in the 2020 OECD Inventory of Support Measures for Fossil Fuels to track
progress in reform of support. It sets out principal trends across 50 OECD, G20 and
European Union (EU) Eastern Partnership (EaP) economies, including as resulting from
the COVID-19 crisis and novel sectoral decomposition of Inventory data. It reports
on developments in tracking and monitoring fossil fuel support in the context of the
G20 and the UN Sustainable Development Goals, and with respect to enhancing the interpretation
of tax expenditure data. Finally, the report offers a sequential framework to assist
governments assess and address the effects of fossil-fuel support measures and their
reform, given ongoing challenges in gaining traction for reform.
Published on March 30, 2021