The G20 Finance Ministers and Central Bank Governors meeting in Gyeongju, Republic of Korea, noted progress made on the phase-out of inefficient fossil fuel subsidies.
23 October 2010: The G20 Finance Ministers and Central Bank Governors meeting in Gyeongju, Republic of Korea, on 23 October 2010, noted the progress made on rationalizing and phasing out inefficient fossil fuel subsidies.In the resulting communiqué, the Ministers and Governors further note progress on promoting energy market transparency and stability, and agree to monitor and assess progress towards this commitment at the Seoul Summit. [The Communiqué]