With momentum stalling since the COP28 call to phase out “inefficient” fossil fuel subsidies, the launch of the Second Global Stocktake (GST2) at COP31 in November 2026 offers a window to embed structural subsidy reform directly into UNFCCC processes. Building on real-world phase-out plans and national inventories—particularly from members of the Coalition on Phasing Out Fossil Fuel Incentives including Subsidies (COFFIS)—this briefing outlines the first steps towards securing ambitious language on fossil fuel subsidy reform in a GST2 decision. You can download the briefing here.
