Skip to content

Fuel Subsidy Reform

Insights From a CFR Workshop

<p>A worker holds up a fuel pump nozzle after filling up the tank of a car at a petrol station in Cairo on October 3, 2012.</p>
A worker holds up a fuel pump nozzle after filling up the tank of a car at a petrol station in Cairo on October 3, 2012. (Mohamed Abd El Ghany/Reuters)
  • Greenberg Center for Geoeconomic Studies

Overview

Subsidies that encourage fossil fuel consumption cost governments an estimated $500 billion annually and have vexed policymakers for years. The Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations convened a group of roughly twenty experts in early May 2015 for an all-day workshop to discuss challenges, opportunities, and strategies of fossil fuel subsidy reform. This report, which you can download here, summarizes the highlights of the discussion.t

Disabled person with Multiple Sclerosis hand sorting prescription pills
By Thomas J. Bollyky, Rush Doshi, Prashant Yadav, Olivia Kosloff and Elena Every