The idea of reforming fossil fuel subsidies is attracting attention in both academic and policy circles. The environmental and economic aspects of subsidies and their reform have been much debated, but the political aspects are less prominent in the discussion.
STEPS member Peter Newell gave a keynote talk at ‘The Politics of Fossil Fuel Subsidies and Their Reform’ – a Lund University and Stockholm Environment Institute workshop – on 16 June 2016 in Sweden. The workshop aimed to address the political causes, consequences and normative implications of fossil fuel subsidies and the emerging efforts to reform them.
Peter’s talk was called ‘The Political Economy of Incumbency: Beyond Fossil-fueled Capitalism’. The video of it is below.