Fossil fuel subsidies
Exclusive: Japan uses ‘environmental’ fund to finance Vietnamese coal plant
The Japan Bank for International Cooperation approved a loan to the controversial Vung Ang 2 coal project from a facility intended for “environmental preservation”
China’s environment ministry floats ‘ban’ on coal power investment abroad
A Chinese government-commissioned report proposes stricter environmental standards for “belt and road” investments, but it needs buy-in from financial institutions
Saudis and Europeans reach compromise on climate as G20 projects unity
EU leaders endorsed Riyadh’s contentious “circular carbon economy” vision at the G20 summit, in exchange for a renewed commitment to phasing out fossil fuel subsidies
As young people, we urge financial institutions to stop financing fossil fuels
Development banks supporting dirty projects are exacerbating climate chaos. This year needs to be a turning point to a just and sustainable future
Campaigners confront IMF chief over green recovery contradictions
Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies
Saudi-led G20 energy statement backs fossil fuel bailouts
Neglecting to mention climate change or commitments to end fossil fuel subsidies, G20 energy ministers focused on stabilising the oil market
For all its green talk, the IEA still gives comfort to oil and gas producers
Under Fatih Birol, the International Energy Agency leads talk of a green recovery, yet dodges hard questions about phasing out dirty energy
Guterres confronts China over coal boom, urging a green recovery
China’s provinces have overseen a coal plant building spree in the first half of the year, in a bid to revive the Covid pandemic-hit economy
World Bank policy advice boosts oil and gas, undermining climate goals
In technical assistance to governments like Mozambique’s, the World Bank favours the interests of the fossil fuel industry over those of ordinary citizens
No time for loopholes: Japan must immediately end all overseas coal finance
Environment minister Shinjiro Koizumi promised to scrap funds for dirty power plants abroad, but the government is making too many exceptions
Saudi Arabia censors fossil fuel subsidy discussion as G20 host
Riyadh is scrubbing the word “subsidy” from expert briefings, despite a commitment from G20 countries to phase out “inefficient” support to coal, oil and gas
Gas curse: Mozambique’s multi-billion dollar gamble on LNG
A vast gas discovery promises riches for the people of Mozambique, but it can only pay off in a dangerously overheated world
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