In this video, Sara Ahmed explains how fossil fuel subsidy reform can help countries achieve their climate goals. Subsidies make fossil fuels’ exploration and production cheaper, lowering the final prices to consumers, thus continuing to incentivize an industry with well-documented negative externalities, such as GHG emissions causing climate change and health-related impacts. Reforming and removing them has a direct impact on efforts to reduce greenhouse gas emissions and to free domestic resources that could potentially be used for climate action. 

This video is part of the Paying for Paris Climate Finance Resource Hub.