The Center on Global Energy Policy hosted an event in this Fall's Global Leaders in Energy Lecture Series. This event featured a lecture and discussion with Benedict Clements, Division Chief, Expenditure Policy Division, Fiscal Affairs Department, International Monetary Fund, on energy subsidies in advanced and developing economies. Mr. Clements discussed the consequences of energy subsidies, which range from aggravating fiscal imbalances and global warming to crowding out private investment in the energy sector. He also examined what types of policies and approaches can be undertaken to reduce subsidies and win public support for reform. Manuel Pinho, Visiting Professor, School of International and Public Affairs, Columbia University, and Faculty Affiliate, Center on Global Energy Policy, moderated a discussion following the presentation.