What is Social Protection?

Fuel subsidies

“A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers or lowers the price paid by energy consumers. There are a lot of activities under this simple definition—tax breaks and giveaways, but also loans at favorable rates, price controls, purchase requirements (…)”

Source: Oil Change International. n.d. "Fossil Fuel Subsidies Overview". Oil Change International Website. <http://priceofoil.org/fossil-fuel-subsidies/>. Accessed 11 June 2020.