Center for American Progress

China and US should lead fossil fuel subsidies reform at G20
In the News

China and US should lead fossil fuel subsidies reform at G20

Pete Ogden and Ben Bovarnick discuss why this year's G20 summit is an opportunity for China and the United States to jointly push the world towards a climate safe future.

Authors

  • Pete Ogden
  • Ben Bovarnick

In September of this year, Barack Obama will travel to China for the last time as president to participate in the G20 meeting in Hangzhou. Climate change cooperation has been a signature feature of US-China relations during the Obama administration, and there is every reason to expect that both countries will want to mark this visit with a final demonstration of their ability to lead together on the issue. Fortunately, this year’s G20 presents a unique opportunity to do just that by taking on a critical piece of the climate challenge that still needs to be addressed: the elimination of fossil fuel subsidies.

This is not new territory for the G20. At their meeting in 2009 in Pittsburgh, the leaders of the world’s largest developed and developing economies all pledged to “rationalise and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption”.

The above excerpt was originally published in chinadialogue. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.

Authors

Pete Ogden

Senior Fellow

Ben Bovarnick

Research Assistant