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Events Climate Change

If Fossil Fuel Subsidies Are So Bad, Why Are They So Common?

Past Event

April 2, 2015

2:00 pm - 3:30 pm

Please join the Center on Global Energy Policy for a presentation and discussion with Center Fellow Dr. Joseph Aldy on fossil fuel subsidies around the world. Dr. Aldy will illustrate the energy, environmental, and economic impacts of fossil fuel subsidies, describe the political economy that sustains these policies, and discuss the potential opportunities to reform fuel subsidies, especially during a time of low oil prices.

After the presentation, Center Director Jason Bordoff will moderate a panel conversation where Dr. Aldy will be joined by:

  • Keith Benes, Program Director for International Climate Policy, Center on Global Energy Policy;
  • Vijay Modi, Professor of Mechanical Engineering, Columbia University; Director, Infrastructure Programs, Millennium Villages Project, Earth Institute;
  • Dr. Johannes Urpelainen, Associate Professor of Political Science, Columbia University.

Registration is required for in-person attendance. This event is open to press. It will also be livestreamed at: energypolicy.columbia.edu/watch (no registration is required to view the livestream).

A podcast of this event (in addition to other past Center events) will be available ~3 to 5 days after the date of the event through iTunes or via our website.

For more information contact: [email protected]

***

Dr. Joseph Aldy is a non-Resident Fellow at the Center on Global Energy Policy and Assistant Professor of Public Policy at the John F. Kennedy School of Government at Harvard University. He is also a Visiting Fellow at Resources for the Future, and a Faculty Research Fellow at the National Bureau of Economic Research. From 2009-2010, Aldy served as the Special Assistant to the President for Energy and Environment, reporting through both the National Economic Council and the Office of Energy and Climate Change at the White House. 

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Our Work

Relevant
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Regulatory Progress for Project-Based Carbon Credit Markets: Pre-COP30 Roundtable Summary

On November 6, 2025, in the lead-up to the annual UN Conference of the Parties (COP30), the Center on Global Energy Policy (CGEP) at Columbia University SIPA convened a roundtable on project-based carbon credit markets (PCCMs) in São Paulo, Brazil—a country that both hosted this year’s COP and is well-positioned to shape the next phase of global carbon markets by leveraging its experience in nature-based solutions.

Summaries by Gautam Jain, Preetha Jenarthan, Victoria Prado + 3 more • December 04, 2025
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See All Work