Fossil fuel subsidies
After the oil crash, we need a managed wind-down of fossil fuel production
To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers
South Korean government backs $2 billion bailout to coal company, despite green finance pledge
Campaigners ask government to explain relief for coal plant manufacturer Doosan Heavy Industries, contrary to its promise to end coal financing
IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis
Kristalina Georgieva is urging governments to invest emergency loans in green sectors, scrap subsidies to fossil fuels and tax carbon
Coronavirus: which governments are bailing out big polluters?
A round-up of the support countries are extending to aviation, coal, oil and gas businesses as demand is hit by the Covid-19 pandemic
Coronavirus: investors and policymakers must shift to increase resilience
Incentives for long-term sustainability, an end to fossil fuel subsidies, more telework are all needed to make the global economy resilient to shocks like Covid-19
Green bailouts? – Climate Weekly
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Governments have ‘historic opportunity’ to accelerate clean energy transition, IEA says
IEA head Fatih Birol is calling on heads of state and international financial institutions to make coronavirus recovery plans sustainable
South Korea urged to exit coal by 2029 to stick to Paris climate agreement
Climate Analytics research group calls on Seoul to phase out existing coal-fired power plants, stop new construction and halt funds for coal projects in other Asian nations
‘Trundling over to Africa’ – Climate Weekly
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UK to stop funding coal abroad but will help Africa with oil, gas
The UK largely stopped financing new coal mines overseas in the early 2000s but spent billions of public funds supporting oil and gas projects abroad since then
The UN climate talks can tackle fossil fuels head-on: here’s how
The UN process has largely ignored the production of fossil fuels. That can, and must, change
The world is awash with fossil fuels – it’s time to cut off supply
Australia is a major contributor to the world’s fossil fuel supply problem. It must set production targets aligned with global climate goals
Countries’ fossil fuel production plans inconsistent with Paris Agreement
A UN Environment report warns production of oil, gas and coal to 2030 is on track for warming way beyond 1.5C goal
After 11 days of civil unrest, Ecuador reinstates fossil fuel subsidies
Cuts to subsidies, imposed without an alternative, led to price rises, strife and, eventually, a government backdown
AIIB must stop backing gas in climate-hit Bangladesh
The Beijing-headquartered development bank is skewed towards fossil fuels, when it should be helping poorer countries access clean renewable power
Four countries have declared climate emergencies, yet give billions to fossil fuels
The UK, France, Canada and Ireland have all formally recognised a climate crisis. But analysis shows they give $27.5bn annually in support for coal, oil and gas