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Amendment No. 2 | Doc. 13366 | 28 January 2014
Energy diversification as a fundamental contribution to sustainable development
In the draft resolution, paragraph 9.2.7, replace the words "eliminate subsidies to fossil fuels, but consider" with the following words:
"rationalise and phase out inefficient subsidies to fossil fuels over the medium term and consider".
Explanatory note
Phasing out inefficient fossil fuel subsidies is a costly process and adequate time is needed for developing countries. This process should not dictate a rigid set of rules. Specific circumstances of countries should be taken into consideration in accordance with the principle of "common but differentiated responsibilities and respective capabilities".