fossil fuel subsidies News

  • IEA calls for end to fossil fuel subsidies

    The chief economist of the International Energy Agency (IEA) has urged the world to slash hundreds of billions of dollars of fossil fuel subsidies or face the prospect of a catastrophic 3.5 degrees Centigrade rise in global temperatures. "Today $409 billion equivalent of fossil fuels subsidies are in place which encourage developing countries - where the bulk of the energy demand and CO2 ...


    By GLOBE Foundation

  • Renewed call for the removal of fossil-fuel subsidies

    A coalition of governments are calling for the phase-out of subsidies to fossil fuels in the lead-up to a major climate conference in Paris. A group of eight countries known as the Friends of Fossil Fuel Subsidy Reform released ...


    By GLOBE Foundation

  • Fossil fuel and renewable energy subsidies on the rise

    Total subsidies for renewable energy stood at $66 billion in 2010, but are still dwarfed by the total value of global fossil fuel subsidies estimated at between $775 billion and more than $1 trillion in 2012, according to new research conducted by the Worldwatch Institute (www.worldwatch.org) for its Vital Signs Online service. Although the total subsidies for renewable ...


    By Worldwatch Institute

  • Impact of Fossil Fuel Subsidies on Renewable Energy

    The $548 billion USD that is paid annually in fossil fuel subsidies around the world is preventing a crucial transition to renewable energy sources. This is according to a new report released today from the International Institute for Sustainable Development (IISD). ...


    By GLOBE Foundation

  • EU Commission: fossil fuel and nuclear subsidies distort market

    "EU taxpayers gave over EUR26 billion to fossil fuels in 2011, the documents show. It is disappointing to see the figure of EUR35 billion subsidy to nuclear energy being removed by the European Commission prior to publication", stated Justin Wilkes, Deputy CEO of the European Wind Energy Association (EWEA). "The European Commission is overly focused on renewable energy support mechanisms, while ...


    By WindEurope

  • Fossil Fuel Subsidies Hamper Pathway to Inclusive Green Economy, Experts Say

    Fossil fuel subsidies are contributing to fiscal instability and undermining governments' efforts to combat serious economic and environmental challenges, such as climate change, and the transition to an inclusive green economy, according to experts. "Reforming Fossil Fuel Subsidies for an Inclusive Green Economy" is the theme of the two-day event co-organized by UNEP, IMF, GIZ and the ...

  • End fossil fuel subsidies now, says OECD and IEA

    Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses. The G-20 Leaders in 2009 agreed to phase out subsidies that "encourage wasteful consumption, reduce our energy security, impede ...


    By GLOBE Foundation

  • World subsidies for fossil fuels 5x larger than for renewables

    Something is wrong in the world of energy subsidies. According to statistics gathered by the International Energy Agency (IEA) the worldwide subsidies to fossil fuel consumption in 2009 amounted to no less than 300 billion USD, while at the same time the global support for renewables was almost 60 billion USD. This means that global government spending on promoting fossil fuels was five times ...


    By Elmia AB

  • OECD and IEA recommend reforming fossil-fuel subsidies to improve the economy and the environment

    Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses. The G-20 Leaders in 2009 agreed to phase out subsidies that "encourage wasteful consumption, reduce our energy security, impede ...


    By International Energy Agency

  • `Sunset Credits` may help eliminate fossil fuel subsidies

    Michael Liebreich, chief executive of Bloomberg New Energy Finance, has published a white paper outlining an innovative approach that might help governments retire fossil fuel subsidies, while at the same time helping to spur the creation of clean energy markets. The approach, which he dubs "Sunset Credits" acknowledges the difficulty of eliminating subsidies without engendering popular unrest, ...


    By GLOBE Foundation

  • Closing the $70 Billion Climate Finance Gap – End Fossil Fuel Subsidies

    The world’s developed countries have committed to mobilize $100 billion a year by 2020, from public and private sources, to help developing countries adapt to the impacts of climate change and reduce their emissions. The latest accounting of climate finance shows there is a gap of about $70 billion. Closing that gap is critical to building the trust necessary to ...


    By GLOBE Foundation

  • Renewables expert hits out at electricity supply subsidies for fossil generators

    One of the UK’s leading renewable energy specialists has accused the Government of “gross hypocrisy” over the electricity supply auctions that began this week - less than seven days after the UK signed up to the landmark Lima Accord designed to cut carbon emissions.   The controversial auction - which will see up to £1.8 billion in ...


    By UrbanWind

  • G20 leaders fail to agree on timeline to phase out health-harming fossil fuel subsidies

    During this week’s summit, the G20 failed to agree on a timeline to phase out inefficient health-harming fossil fuel subsidies, missing an opportunity to prevent ill health and meet the Paris climate goals. At this week’s G20 summit in China, the leaders had the chance to do something big for public health prevention – by initiating crucial steps to end one of the main causes of ...

  • EPA radiation monitoring audit, OSHA citations, fossil fuel subsidies and more on EHS This Week

    This week Kristy and I discuss OSHA citation's, EPA fines, calls for an end to fossil fuel subsidies, electrical safety month and more on EHS This Week. In addition we touch on a huge EPA audit of radiation monitoring sites across the U.S., as well as an EPA chemist reinstated after a whistleblower suit went before the federal Merit Systems Protection Board. Don't forget to write us with your ...


    By Intelex Technologies Inc.

  • Cutting fossil fuel subsidies can cut greenhouse gas emissions says UN report

    Scrapping fossil fuel subsidies could play an important role in cutting greenhouse gases while giving a small but not insignificant boost to the global economy a new report by the UN Environment Programme (UNEP) says. The report challenges the widely held view that such subsidies assist the poor arguing that many of these price support systems benefit the wealthier sections of society rather than ...

  • IEA/OECD media briefing on the high economic and environmental cost of fossil fuel subsidies

    Subsidies encourage wasteful consumption, pollution, and strain already stretched national budgets. The OECD and IEA recommend that governments phase-out inefficient subsidies to fossil fuels, reallocating the money saved to social, environmental and fiscal priorites, including more directly supporting poor households that may be affected by energy price increases. Support to fossil fuel ...


    By International Energy Agency

  • Counting the Cost of Energy Subsidies

    Energy subsidies are projected at US$5.3 trillion in 2015, or 6.5 percent of global GDP, according to a recent IMF study. Most of this arises from countries setting energy taxes below levels that fully reflect the environmental damage associated with energy consumption. The ...


    By GLOBE Foundation

  • Biggest economies still backing fossil fuels

    The governments of the world’s major industrialized countries, the G20 group, are providing more than US$450 billion a year to support the production of fossil fuels. That is almost four times the entire world’s subsidies to the rapidly growing renewable energy sector, as the International Energy Agency (IEA) estimates total global renewables subsidies in 2013 at ...


    By Climate News Network

  • US government focus on fossil fuels and nuclear is out of touch with mainstream America

    Are those in Congress and the White House who embrace the agendas of coal, oil, gas, and nuclear industries in sync … or out of touch … with the mainstream of America? A new survey of 1,049 Americans conducted October 21-24, 2011 by ORC International for the nonprofit and nonpartisan Civil Society Institute (CSI) finds that most Americans - including an often ...


    By GLOBE Foundation

Need help finding the right suppliers? Try XPRT Sourcing. Let the XPRTs do the work for you