Fossil Fuel Subsidy Reform Emerges as $800B Annual Security Strategy
Governments are reframing fossil fuel subsidy phase-outs as energy security measures rather than climate policy, with potential to redirect $800B annually from $5T post-2020 subsidies. India's EV sales jumped 45% following subsidy shifts, demonstrating economic viability of redirected support.
Energy security framing removes political barriers to subsidy reform, accelerating the largest potential source of clean energy financing.
fossil fuel subsidies
energy security
policy reform
clean energy financing